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

ABU DHABI (Reuters) - 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...
U.S. climate envoy Kerry outlines carbon offset initiative for developing nations © Reuters. FILE PHOTO: John Kerry, U.S. Special Envoy for Climate speaks as he attends the opening of the American Pavilion in the COP27 climate summit in Egypt's Red Sea resort of Sharm el-Sheikh, Egypt November 8, 2022. REUTERS/Mohammed Salem

ABU DHABI (Reuters) - 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.

The Energy Transition Accelerator (ETA), first announced at last year's COP27 climate conference, is being developed by the United States with the Bezos Earth Fund and the Rockefeller Foundation to mobilise private capital.

Kerry told the Atlantic Council Global Energy Forum in Abu Dhabi the aim was to create bankable deals to accelerate reduction of emissions, stressing that the ETA was not a substitute for other funding sources and would be time-limited.

"We believe you can have high-integrity, accountable, transparent credit which will help us to be able to put some money on the table," he said, acknowledging widespread criticism of voluntary carbon offset schemes.

Such schemes, in which companies get emissions credits in return for channelling cash to poor countries that cut their carbon output, have often been riddled with fraud and double-counting.

"There are only two purposes for which we will allow someone to be able to buy a credit - one, to be closing down or transitioning existing fossil fuel facility that is providing power, and two, for the actual deployment of renewables that will replace current dirty sourcing," Kerry said.

He said ETA principles also called for a near-term, inclusive and comprehensive approach to deliver on broader sustainable development goals and support power sector-wide energy transition.

The Rockefeller Foundation on Sunday published a joint statement with a preliminary list of members of the ETA High-Level Consultative Group which Kerry said would provide a broad cross section of input and would add more participants.

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27-01-2023 15:19:16 (UTC+7)

EUR/USD

1.0867

-0.0022 (-0.20%)

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EUR/USD

1.0867

-0.0022 (-0.20%)

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GBP/USD

1.2361

-0.0045 (-0.36%)

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USD/JPY

129.95

-0.26 (-0.20%)

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Buy

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AUD/USD

0.7096

-0.0018 (-0.25%)

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USD/CAD

1.3344

+0.0024 (+0.18%)

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EUR/JPY

141.21

-0.57 (-0.41%)

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EUR/CHF

1.0027

+0.0007 (+0.07%)

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Gold Futures

1,923.40

-6.60 (-0.34%)

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Silver Futures

23.750

-0.270 (-1.12%)

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Copper Futures

4.2547

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Crude Oil WTI Futures

81.35

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Brent Oil Futures

87.75

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Natural Gas Futures

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US Coffee C Futures

167.20

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Euro Stoxx 50

4,165.35

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S&P 500

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DAX

15,129.35

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FTSE 100

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Hang Seng

22,642.50

+75.72 (+0.34%)

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US Small Cap 2000

1,903.06

+12.75 (+0.67%)

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IBEX 35

9,028.93

-6.67 (-0.07%)

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BASF SE NA O.N.

52.730

+0.110 (+0.21%)

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Bayer AG NA

56.09

+0.05 (+0.09%)

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Allianz SE VNA O.N.

221.80

+0.20 (+0.09%)

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Adidas AG

148.00

+2.72 (+1.87%)

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Deutsche Lufthansa AG

9.720

-0.007 (-0.07%)

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Siemens AG Class N

143.70

-0.36 (-0.25%)

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Deutsche Bank AG

12.205

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    EUR/USD 1.0867 ↑ Sell  
    GBP/USD 1.2361 ↑ Sell  
    USD/JPY 129.95 Buy  
    AUD/USD 0.7096 ↑ Sell  
    USD/CAD 1.3344 ↑ Buy  
    EUR/JPY 141.21 ↑ Sell  
    EUR/CHF 1.0027 ↑ Sell  
    Gold 1,923.40 ↑ Sell  
    Silver 23.750 ↑ Sell  
    Copper 4.2547 Neutral  
    Crude Oil WTI 81.35 ↑ Buy  
    Brent Oil 87.75 ↑ Buy  
    Natural Gas 2.785 ↑ Sell  
    US Coffee C 167.20 Neutral  
    Euro Stoxx 50 4,165.35 ↑ Sell  
    S&P 500 4,060.43 ↑ Buy  
    DAX 15,129.35 Neutral  
    FTSE 100 7,751.30 ↑ Sell  
    Hang Seng 22,642.50 ↑ Sell  
    Small Cap 2000 1,903.06 ↑ Buy  
    IBEX 35 9,028.93 ↑ Sell  
    BASF 52.730 ↑ Buy  
    Bayer 56.09 ↑ Buy  
    Allianz 221.80 ↑ Buy  
    Adidas 148.00 ↑ Buy  
    Lufthansa 9.720 ↑ Buy  
    Siemens AG 143.70 Neutral  
    Deutsche Bank AG 12.205 ↑ Buy  
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# So hôm qua # Chênh TG
SJC Eximbank6,720/ 6,820
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SJC HCM6,750/ 6,850
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SJC Hanoi6,750/ 6,852
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SJC Danang6,750/ 6,852
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SJC Nhatrang6,750/ 6,852
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SJC Cantho6,750/ 6,852
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Cập nhật 27-01-2023 15:19:18
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$1,924.31 -6.26 -0.32%
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Sản phẩm Vùng 1 Vùng 2
RON 95-V23.01023.470
RON 95-III22.15022.590
E5 RON 92-II21.35021.770
DO 0.05S21.63022.060
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Dầu hỏa 2-K21.80022.230
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Brent $87.60 -0.22 -0.26%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.250,0023.620,00
EUR24.897,2126.291,37
GBP28.367,7829.577,46
JPY175,76186,07
KRW16,5020,11
Cập nhật lúc 15:14:19 27/01/2023
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