US Climate Envoy Kerry Announces New Carbon Market

  • U.S. climate envoy John Kerry announced plans for companies to buy carbon credits to support countries switching out of coal power on Wednesday.
  • Speaking at the U.N. Climate summit COP27, Kerry said that companies including Microsoft and PepsiCo were involved in the plans, while countries and environmental groups were also supportive.
  • Fossil fuel companies were excluded, however, he said.
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