The Bezos Earth Fund and the Rockefeller Foundation, which are joining Kerry’s team in standing up the program, touted an analysis by Climate Advisers that suggested it could mobilize more than $100 billion through 2030.
Niamh McCarthy, director of climate-related risk at Climate Advisers and one of the report’s authors, told E&E News that the program might appeal to companies in “hard to abate sectors, companies with interim carbon neutrality targets, companies with voluntary net-zero commitments, and companies in compliance markets.”
E&E News
Climate envoy John Kerry made a bet last year that companies would pony up billions of dollars for carbon credits that carry the State Department’s watermark. His gamble might not pay off.
