Yellen nudges China on climate finance cooperation during Beijing visit

  • 📰 politico
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 59%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The Treasury secretary made a public plea for Chinese leaders to support existing international climate funds during her visit to Beijing this week.

In her remarks at a climate finance roundtable, Treasury Secretary Janet Yellen emphasized the leading role China and the U.S. must play in climate efforts. | Pool photo by Mark SchiefelbeinTreasury Secretary Janet Yellen urged global financial cooperation on climate change Saturday, calling on China to contribute to international development funds during her visit to Beijing.

In her remarks at a climate finance roundtable, Yellen emphasized the leading role China and the U.S. must play in climate efforts. She also drew parallels between the U.S. and China as the two largest economies, greenhouse gas emitters and investors in renewable energy globally. “Climate finance should be targeted efficiently and effectively,” Yellen said. “I believe that if China were to support existing multilateral climate institutions like the Green Climate Fund and the Climate Investment Funds alongside us and other donor governments, we could have a greater impact than we do today.”

Both funds listed by Yellen are geared toward countering climate change in developing nations. China has been reluctant to contribute to these funds in the past, claiming that it is also a developing nation. Yellen also discussed the importance of broad transitions toward the goal of net-zero carbon emissions, including in the private sector. She suggested that the U.S. and China increase and improve their investments in reducing climate change “in ways that are interoperable to our different systems.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 381. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

China's export curbs on raw materials are concerning, Yellen says on Beijing trip | CNN BusinessBeijing’s newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry are a “concern,” US Treasury Secretary Janet Yellen said on the first day of her trip to China, where she met the country’s premier in an effort to stabilize bilateral relations after a particularly difficult period.
La source: CNN - 🏆 4. / 95 Lire la suite »