- Nov 20, 2022, 2:00 PM CSTThe so-called Energy Transition Accelerator will allow American companies to invest in renewable projects in developing countries and receive carbon credits in return.
Interest in the scheme has already been shown from Bank of America, Microsoft, PepsiCo, and Standard Chartered Bank. Many heavy industries that are powered heavily by fossil fuels are also likely to favor the scheme until there is enough renewable energy in the U.S. to power these industries.