Climate Advisers, a climate research and consulting firm, said in a report released Wednesday that Kerry’s offset program, called the Energy Transition Accelerator, could mobilize between $77 million and $139 billion through 2030. That assumes enough companies participate and developing countries come forward with enough eligible proposals for reducing power-sector emissions. The initiative could also generate a special carve-out of between $3.8 billion and $6.9 billion for adapting to climate change, the report said.
E&E News
U.S. climate envoy John Kerry unveiled a proposal on Wednesday for companies to supply developing countries with billions of dollars to lessen their reliance on fossil fuels — a plan that would let the White House bypass opposition from a possible Republican-led Congress.
