South Asia

Developing country participation is an increasingly contentious issue—and a potential deal-breaker—in current efforts to forge new international agreements for addressing climate change. Emissions offsets, which allow rich countries to finance mitigation actions in developing countries, may offer a partial solution to the current impasse. This paper proposes a more expansive approach to offsets that would meet the different objectives of industrialized and developing countries while providing substantial support for long-term investments and policy changes to reduce greenhouse gas emissions in the developing world.

Dr. Ashton B. Carter testifies before the Senate Committee on Foreign Relations.