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Shift to low-carbon economy will happen, but too late: John Kerry

John Kerry photographed at the World Economic Forum in Davos, Switzerland, on January 17, 2023.Fabrice Coffrini | AFP | Getty ImagesThe world will eventually move to a low-carbon economy, but it may be too late to avoid the worst effects of climate change, according to John Kerry.Speaking at the World Economic Forum in Davos, Switzerland, on Tuesday morning, the U.S. special presidential envoy for climate issued a stark warning about the years ahead."I'm convinced we will get to a low-carbon, no-carbon economy — we're…

Wealthy Countries Propose ‘Global Shield,’ a Climate Change Insurance Plan

Photo: Sean Gallup (Getty Images)This story was originally published by Grist. You can subscribe to its weekly newsletter here.Tensions at the United Nations climate change conference known as COP27 have been running high, largely over the issue of what’s called “loss and damage” — shorthand for the disproportionate suffering that the developing world is already experiencing at the hands of climate change. In the most concrete response yet to the issue, on Monday a group of countries led by Germany announced their

U.S. Plan to Ramp Up Carbon Credits Faces Doubts at COP27

The U.S. outlined a new carbon-credit plan that aims to pump billions of dollars into developing countries’ energy transition, while some businesses expressed caution over investing in the program. On Wednesday, U.S. climate envoy John Kerry presented the program, called the Energy Transition Accelerator, at United Nations climate talks in Egypt. The program, he said, aims to enlist investors in efforts to reduce emissions across entire regions or countries by paying developing nations to shut down…

US launches carbon offset program to help developing countries

US Special Presidential Envoy for Climate John Kerry speaks at the opening of the US Pavilion during the COP27 climate conference at the Sharm el-Sheikh International Convention Centre, in Egypt's Red Sea resort city of the same name, on November 8, 2022.Ahmad Gharabli | AFP | Getty ImagesU.S. Climate Envoy John Kerry on Wednesday unveiled a carbon offset plan that would allow corporations to fund renewable energy projects in developing countries that are struggling to transition away from fossil fuels.The program, called…

Clean energy is the largest market the world has ever seen

Special Presidential Envoy for Climate John Kerry listens as President Gabriel Boric Chile speaks before a signing ceremony for the "International Coalition to Connect Marine Protected Areas" at the CEO Summit of the Americas on June 09, 2022 in Los Angeles, California. The CEO Summit entered its' second day of events alongside the Summit of the Americas, which is hosting leaders from across the Western Hemisphere.Anna Moneymaker | Getty Images News | Getty ImagesRebuilding the economy to decarbonize is necessary to…