Last week, at the COP27 climate summit in Egypt, U.S. Climate Envoy John Kerry announced the potential for a carbon offset program that could go a long way to helping developing countries establish their renewable energy industries. Companies may be given the opportunity to invest in clean energy projects in other countries to counterbalance their greenhouse gas emissions if they fail to reduce their carbon output at home. It also responds to the growing global demand for clean energy. The new carbon offset plan, known as the Energy Transition…
