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U.S. climate envoy Kerry outlines carbon offset initiative for developing nations

Reuters · Rachna Uppal · last updated

U.S. 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.

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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