Posted on 11/07/2022 9:38:12 AM PST by ChicagoConservative27
U.S. climate envoy John Kerry is in talks with external partners to use funds from major companies to sponsor developing countries’ transition away from fossil fuels, a source confirmed to The Hill.
A person familiar with the discussions said Kerry will announce further details at an event at the upcoming COP27 United Nations climate summit, emphasizing that the proposal is for a partnership rather than a specific initiative of the U.S. government. Initial reporting by The Financial Times, which the person familiar confirmed to The Hill is “overall” accurate, would involve an independent, to-be-determined accrediting organization to certify the credits.
“This isn’t the launch of an entity, it’s the discussion of a framework which is intentional to allow time to work with all stakeholders next year to develop the details and ensure just transition safeguards and environmental integrity provisions,” a person familiar told The Hill. “The framework would be a program to scale up private finance to accelerate the clean energy transition in developing countries, through the creation and sale of high-quality carbon credits.”
(Excerpt) Read more at thehill.com ...
I agree 100%. He is an opportunistic whore.
The latest money laundering scheme.
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