US introduces new carbon trading scheme to boost investment in developing countries

Critics question plan's value in dealing with climate crisis and its potential to 'harm communities and undermine human rights'The US government has unveiled a new voluntary carbon trading market scheme with the aim of boosting private investment in clean energy projects in developing countries.John Kerry, the US's climate envoy, said the new initiative, called the energy transition accelerator, will be created in partnership with the Rockefeller Foundation and the Bezos Earth Fund to help deliver the trillions of dollars of investment needed to help poorer countries transition to renewables and stave off disastrous climate impacts. Continue reading...