A U.S. funding plan for lower-income countries faced criticism and A new website shows where greenhouse gas emissions actually come from. Here's what happened at COP27 on Wednesday.
Former US Vice President Al Gore speaks during the TRACE Greenhouse Gas Inventory launch at the plenary hall during the 2022 United Nations Climate Change Conference COP27.The United States wants to set up a system for buying and selling carbon credits as a way to, companies would buy credits from developing nations that are cutting their greenhouse gas emissions. A carbon credit represents a set amount of emissions that were reduced or removed from the atmosphere.
"Carbon offsets are not an answer in a world already on fire, under water and facing mounting climate losses and damage," said Rachel Cleetus of the Union of Concerned Scientists.Now that most world leaders have made their opening statements, it's time to get down to business. But there appears to be little agreement about who will pay for the immense damage that climate change is causing, especially in developing countries.
"If we delay," Rehman said as one of the organizers interrupted to tell her that her time had expired."Yes," she responded,"times up. Times up for everything, frankly."
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