U.S.’s Kerry Calls for a Global Carbon Market: Energy Update

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A global carbon market would be a “helpful” mechanism to encourage investment and drive emissions down, U.S. climate envoy John Kerry said.

Lawmakers and industry executives from around the world are debating climate change and how best to tackle it at the government-backed German Energy Transition Dialogue 2021. Saudi Arabia is promoting carbon-capture technology at the two-day virtual conference in Berlin where politicians have repeatedly said hydrogen produced by renewable energy will be crucial to replace fossil fuels.