The US proposal for a new carbon credit system has begun sizing up potential interest from countries and corporate backers to help finance the shift of poorer nations away from fossil fuels.
The Department of State-led initiative that is backed by a group including the Bezos Earth Fund and the Rockefeller Foundation met recently to begin setting up a framework to attract corporate buyers to the scheme.
Bezos Earth Fund chief executive Andrew Steer said the group would this year begin developing rules for how the system might work.
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