SHARM EL-SHEIKH (November 9, 2022)- Today at the COP27 climate negotiations in Sharm El-Sheikh, Egypt, the U.S. State Department along with The Rockefeller Foundation and the Bezos Earth Fund announced the creation of the Energy Transition Accelerator, a program designed to generate funding through voluntary market carbon credits to help developing countries transition to cleaner sources of energy.

Following is a quote from Ani Dasgupta, President & CEO, World Resources Institute:

“Rapidly decarbonizing the power system around the world is fundamental to tackling the climate crisis. The newly launchedSystems Change Labdata platform shows that the world must phase out coal six times faster than current rates to limit catastrophic climate impacts. The current mechanisms and levels of funding will not deliver the just energy transition in developing countries at the speed and scale necessary. We need new thinking and creative solutions to make it happen.

“We appreciate that the U.S. State Department is pursuing an innovative approach to scaling up investments and private capital to accelerate developing countries' transition to cleaner energy. Done right, leveraging voluntary carbon markets can help unlock billions of dollars from the private sector to accelerate the energy transition.

It is encouraging that U.S. climate envoy John Kerry is committed to assembling a group of respected experts to further flesh out this program. This process has to ensure guardrails for how companies participate and that the funding advances developing countries’ own priorities for a just energy transition, as detailed in the新报告from the UN High-Level Expert Group on Net-Zero Emissions Commitments.

“有一个原因是碳偏移与绿色洗涤有关，这绝对必须避免。我全心全意地同意了UnsgantónioGuterres，即达到零净的唯一可靠途径始于公司在自己的运营和价值链中进行大量减少的公司。同时，我们非常欢迎公司投资于高质量的碳信用额的公司，这些碳信用额超出了其价值链，同时产生了急需的资金，以加快发展中国家的能源过渡。必威官网是真的吗“美国必须在其工具箱中部署所有工具，以加速发展中国家清洁能源的转变，并且设计精良的能源过渡加速器可以是其中之一。Other critical tools include fully delivering on the Biden administration’s $11.4 billion annual climate finance commitment, reforming international financial institutions to unleash hundreds of billions of dollars in additional funds for climate action, and continuing to pool financial resources – including grants -- to accelerate just energy transition partnerships with developing countries.”