US climate envoy Kerry outlines carbon offset initiative for developing nations

ABU DHABI: US climate envoy John Kerry on Sunday outlined core principles for a “high-integrity” carbon offset plan meant to help developing nations speed their energy transition, and next steps including establishing a consultative group.

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 mobilize private capital.