NATIONAL PUBLIC RADIO • November 9, 2022
A plan the United States floated Wednesday to increase private investment for clean energy in low-income countries is being met with skepticism from financial experts and environmentalists. Under the proposed Energy Transition Accelerator, companies would be able to buy carbon credits from developing nations that are cutting their greenhouse gas emissions to offset their own emissions. Critics say carbon markets — the places where carbon credits are bought and sold — often fail to deliver climate benefits. Many climate advocates say low-income countries need to get money directly in the form of grants that don't further strain their national budgets.