U.S., Foundations Launch Carbon Offset Effort To Fund Global GHG Cuts

The U.S. government and two major foundations are launching a new system that would allow the private sector to earn carbon credits in exchange for financing greenhouse gas-reduction projects in developing countries, even as some environmental groups express initial skepticism of the program. White House international climate envoy John Kerry, the Rockefeller Foundation, and the Bezos Earth Fund on Nov. 9 announced the “ Energy Transition Accelerator” (ETA) at the ongoing international climate conference in Sharm el-Sheikh, Egypt. The framework...