John Kerry Reveals Carbon Credit Plan — But It’s Drawing Skepticism
(ConservativeHub.com) – Environmentalists often seem to discover new ways to reduce carbon emissions, create less trash, or save a few trees. However, sometimes these modern attempts to save the planet are really just new renditions of old plans. White House Climate Envoy John Kerry made a proposal that’s faced past criticism.
On Wednesday, November 9, the State Department announced it would team up with the Rockefeller Foundation and the Bezos Earth Fund to make an Energy Transition Accelerator (ETA), which is actually a carbon credit private businesses can purchase to help impoverished nations work towards green energy. The partnership hopes to “drive private investment” towards renewable power in “emerging and developing economies.”
According to Axios, Kerry admitted previous programs similar to the ETA have been fraught with “abuses.” Still, he hopes this attempt will incorporate accountability and transparency.
Kerry pitches climate finance plan. Other countries say it’s ‘not enough’ https://t.co/dl1qa4U5N2
— POLITICO Pro (@POLITICOPro) November 9, 2022
While the program that businesses like Microsoft and PepsiCo hope to join intrigues countries like Chile and Nigeria, others aren’t so sure. Some experts have criticized carbon credit programs as ways for major businesses to buy their way out of changing their business and manufacturing processes or greenwashing their products. For instance, Climate Action Network head of strategy Harjeet Singh was quoted by POLITICO asking how the US plan would be “different,” given how similar policies have been used for “greenwashing and to delay action.” While Kerry believes the ETA will work, only time will tell.
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