U.S. plan for boosting climate investment in low-income countries draws criticism
The plan would allow companies to buy carbon credits from developing nations that cut their greenhouse gas emissions. Critics say carbon markets often fail to deliver climate benefits.
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 , companies would be able to buy carbon credits from developing nations that are cutting their greenhouse gas emissions. A carbon credit represents a set amount of emissions that were reduced or
