US climate envoy Kerry outlines carbon offset initiative for developing nations

ABU DHABI: US climate envoy John Kerry on Sunday outlined the main principles for a “high-fidelity” carbon offset plan aimed at helping developing countries accelerate their energy transitions and next steps, including setting up an advisory group. to be included.

The Energy Transition Accelerator, first announced at last year’s COP27 climate conference, is being developed by the US with the Bezos Earth Fund and the Rockefeller Foundation to raise private capital.