32.3 F
New York
Wednesday, November 29, 2023

Yellen Urges China To Step Up Efforts Amid Climate Change Threat

Must read

Share Me


U.S. Treasury Secretary Janet Yellen, during a meeting with Chinese government officials and climate experts, emphasized the importance of cooperation between the U.S. and China — the world’s two largest economies — in tackling the “existential threat” of climate change.

What Happened: Yellen, on a visit to Beijing, said the past collaborative efforts between Washington and China on climate change led to significant global achievements like the 2015 Paris Agreement. 

“Continued U.S.-China cooperation on climate finance is critical,” Yellen said, reported Reuters.

“As the world’s two largest emitters of greenhouse gases and the largest investors in renewable energy, we have both a joint responsibility — and ability — to lead the way.”

Also Read: Jim Cramer Tells Investors To Ignore ‘Nonsense’ Factors Like Yellen’s China Visit, OPEC Meet And Focus On Stock Picks

Yellen mentioned that Beijing’s endorsement of established multilateral climate institutions like the Green Climate Fund (GCF) and the Climate Investment Funds, in addition to the support from Washington and other nations, can significantly enhance their impact.

She added that China is welcome to join Washington in contributing to a round of fund pledging for the GCF in September.

President Joe Biden previously announced that the U.S. would contribute an additional $1 billion for the upcoming fund replenishment.

Read Next: Biden Drops Mic On Marjorie Taylor Greene With ‘Bidenomics’ Plan In Her Backyard: ‘I’ll Be There For The Groundbreaking’


Source link

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

Latest article