UPDATE – COP27: US climate envoy Kerry announces “light on detail” plan to decarbonise power in developing countries via corporate carbon credit purchases

Published 11:40 on November 9, 2022  /  Last updated at 14:02 on November 12, 2022  /  Americas, International, Paris Article 6, US, Voluntary  /  No Comments

US climate envoy John Kerry announced on Wednesday plans to enable companies to buy carbon credits to support developing countries in accelerating their phaseout of coal power and renewable power expansion, aiming to develop a framework by the end of next year to scale the finance available and confirming a partnership with a new African carbon market initiative.

(Updates throughout)

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