{"id":228381,"date":"2022-11-10T12:36:13","date_gmt":"2022-11-10T11:36:13","guid":{"rendered":"https:\/\/climatescience.press\/?p=228381"},"modified":"2022-11-10T12:36:14","modified_gmt":"2022-11-10T11:36:14","slug":"john-kerry-accused-of-proposing-us-companies-buy-their-way-out-of-climate-action","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=228381","title":{"rendered":"John Kerry Accused of Proposing US Companies Buy Their Way Out of Climate Action"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

COP27 Awkward:\u00a0John Kerry<\/strong>\u00a0Shaking Hands with\u00a0Accused Narco-Terrorist Venezuelan dictator Nicholas Madurro<\/strong>. Madurro has a Justice Department Bounty of $15 million. Source\u00a0Daily Mail<\/a>, Fair Use, Low Resolution Image to Identify the Subject.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

A scheme for permanent impoverishment of poor countries? US companies pay poor countries to stay poor?<\/p>\n\n\n\n

\n

Kerry announces \u2014 and is immediately criticised for \u2014 a new plan to raise money for climate action<\/strong><\/p>\n\n\n\n

By CNN<\/a> 4:49am Nov 10, 2022<\/p>\n\n\n\n

US climate envoy John Kerry has announced a new, controversial plan to raise cash for\u00a0climate action<\/a>\u00a0in the developing world \u2014 by selling carbon credits to companies wishing to offset their polluting emissions.<\/p>\n\n\n\n

Speaking at the COP27 climate summit in Egypt on Wednesday, Kerry said the initiative should be \u201cup and running\u201d within a year and would help finance energy transition in vulnerable countries. He said Chile and Nigeria were two countries that had already expressed interest in the scheme.<\/p>\n\n\n\n

But the plan has already attracted criticism because of the way it will be financed \u2014 with money raised in sales of carbon credits, which allow companies to pay for someone else to cut their planet-warming emissions, instead of cutting their own.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.9news.com.au\/world\/cop27-un-climate-conference-us-climate-change-funding-plan-john-kerry-criticism\/66b80d49-4bef-441f-a066-d5c6e971e3e0<\/a><\/p>\n<\/blockquote>\n\n\n\n

What can I say \u2013 wrong on so many fronts. For once I agree with Kerry\u2019s green critics.<\/p>\n\n\n\n

Not only would this scheme allow US companies to buy their way out of the climate action greens like Kerry say is vital to save the planet, Kerry\u2019s proposed scheme would pay poor countries not to copy the US path to industrialisation \u2013 which would likely condemn them to staying poor.<\/p>\n\n\n\n

If renewable energy is so much cheaper than fossil fuel, as green advocates claim, poor countries will jump at the opportunity to invest in green energy of their own free will, without any need for climate finance schemes like the one Kerry proposed. Any day now \/sarc.<\/p>\n\n\n\n

Update (EW): Added The DEA Wanted Poster for accused Narco-Terrorist Nicholas Maduro, the guy Kerry shook hands with<\/strong>.<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

via Watts Up With That?<\/mark><\/em><\/strong><\/p>\n\n\n\n

November 9, 2022<\/p>\n\n\n\n

\n
John Kerry Accused of Proposing US Companies Buy Their Way Out of Climate Action<\/a><\/blockquote>