Building on support offered at the formal launch of the COP27 environmental summit in Egypt, U.S. climate envoy John Kerry on Wednesday announced a partnership that would help developing countries with the transition to a clean energy future.
Kerry was joined by The Rockefeller Foundation and the Bezos Earth Fund, a $10 billion philanthropic effort from Amazon founder Jeff Bezos, in announcing a partnership that would work to develop an Energy Transition Accelerator to draw private funds to support efforts by developing countries to adopt cleaner energy practices.
“The goal of the partnership is to establish a high-integrity framework enabling developing countries to attract finance to support their clean energy transitions,” they announced.
So-called loss and damage is a theme embraced by delegates at the 27th annual climate change conference, dubbed COP27, held in Sharm el-Sheik, Egypt. “Loss and damage” refers to financial restitution from industrialized countries to vulnerable and developing countries to offset the effects of climate change.
Kerry during the weekend told Chatham House that the United States would be on board with helping out.
“How do we develop the developing world?” Kerry asked. “We’ve been falling short grossly. We have to help these countries be able to jumpstart.”
From the sidelines of COP27, Kerry said through the U.S. Embassy in Cairo that an “unprecedented” level of investments in clean energy were needed to limit the expected increase in global temperature averages. The current level of investments needs to triple to reach $4.2 trillion by 2030 in order to support emerging and developing countries.
Chile and Nigeria are already on board with Kerry’s plans for the Energy Transition Accelerator, while major corporations such as Bank of America and PepsiCo. have expressed interest in joining.
“The ETA is expected to deliver deeper and earlier emissions reductions, help developing countries achieve and strengthen their nationally determined contributions under the Paris Agreement, and help them advance broader sustainable development goals, including expanded energy access,” the embassy stated.
The funding vehicle is expected to run through 2030, with a possible extension to 2035.
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Just more Bull**** out of the mouth of John ( I’m still important ) Kerry!
Not our responsibility. How about spending the money in this country where it will maybe do some good
NOR should it EVER have been our responsibility to take care of the ENTIRE REST of the worlds poor…
Deacon ” Not our presponsibility. Hows about spending the money in this country where it maybe do some good. ”
Old Uncle Sam , meaning the moddle class tax payers will pay these countrries to come on boatd and develop their
” Green Energy, ” soular, wind terbine, energy, ‘FLy, FLy, Away in your Private Jet, JohnKerry.!
JOHN KERRY- JOE BIDEN’s – CLIMATE CZAR’, FLYS PRIVATE JET – every time we close COAL-FIRED- POWER ELECTRIC POWER PLANTS, CHINA OPENS 2 or three more COAL-FIRED ELECTRIC POWER PLANTS. Author unknown.
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we are gonna fund everyone in the world until we are BROKE.
I honestly fear that i their goal. TO BANKRUPT US…
John Kerry, ” CLIMATE CZAR, reminds me of this quote, ” If you can’t run with the big dogs,’ CHINA AND Russia, big Carbon Polluters… THE CLIMATE CZAR IS STRANGLY SILENT about these Two Major Polluters…” Stay up on the porch.”
This worthless idiot produces more carbon flying around in his private jet than will be reduced by investing all this money in these countries promoting the great lie!!
ADD all his entorage he takes…
Some thoughts about democrat Socialist, party elite, Especially Climate Energy Czar, John Kerry, ” Statesmen tell you what is true even though it may be unpopular. politicians will tell you what is popular, even though it may be untrue. ” Author Anonymous
Which kind of politician is democrat John Kerry, you decide. !
Kerry is as full of “it” now as he was when he assured Congress he really was a Vietnam Vet. Yeah, he was, but he was lying to Congress then about just about everything else, just like he is now. We are supposed to believe that these developing countries, with almost no power infrastructure at all, are going to be a significant impact on global warming, in their words? BS. If Kerry wants to have an impact, he should be talking to China and India, neither of whom have done squat to curtail their carbon emissions, and neither of whom have any intention of cutting back on carbon emissions any time soon.
John Kerry, ” Unfit for Command , ” Swift Boat Veterans Said.
If i was only wealthy like the Clintons, Rockefellers, George Soro, Jeff Bezo, John Kerry, i would have a Foundation too to throw my wealth behind all the Leftist causes and perhaps have a place to live like the Obamas on Martha’s Vineyard but alas, i was only ” The dregs of society, ” as Joe Biden once referred to those citizens who didn’t vote for him or the others of the democrat Socialist party of America.