Connect with us

Subscribe

Economics, Economy, Finance, Financial institution, Infrastructure, Paris, White House, United State,

Living

The United States wants to increase its climate finance, according to the US Secretary of the Treasury

The United States wants to increase the volume of its climate finance, and work together with the international community to fight climate change, US Treasury Secretary Janet Yellen said on Tuesday.

“The climate issue, by its very nature, requires strong global cooperation. We have lost four important years, and we recognize that many of you have been at the forefront of change in your own country,” Ms. Yellen said during its first meeting with the Coalition of Finance Ministers for Climate Action, adding that the United States was happy to have joined the coalition last week.

“Ministries of finance have a vital role to play, and we have a lot to learn from each other on how to integrate climate into our financial planning and decision-making,” she said.

Ms. Yellen said the U.S. Treasury participates in various international forums and works through the U.S. Financial Stability Supervisory Board to understand and mitigate the risks that climate change poses to the stability of the financial system and to the economy. macroeconomics in the United States and beyond.

“We also support international efforts to better identify climate-sensitive investments, and we encourage financial institutions to credibly align their portfolios and strategies with the goals of the Paris Agreement,” a- she asserted.

At the same time, the U.S. Department of the Treasury is also working with the White House, Congress, and other entities to ensure that tax policies and national economic programs are aligned with U.S. climate goals, including building climate-resilient infrastructure and facilitating the transition to a low-carbon economy, according to Ms. Yellen.

“We are looking to scale up our climate finance, and use these tools to leverage additional private investment,” she said.

Ms. Yellen also indicated that she was happy to co-chair the Group for Sustainable Finance which has just been created by the G20. This group provides an important platform to tackle these kinds of issues and promote a financial system capable of supporting efforts to meet international climate and other sustainability goals.

Ms. Yellen made the remarks shortly after the US Federal Reserve created two new working groups to assess climate-related financial risks, as climate change is likely to have a severe economic and financial impact in countries. years to come.

Newsletter Signup

Written By

Stories under this byline are written/directed/published by the staff and editorial board of MegaloPreneur magazine. Some of the MegaloPreneur journalists may also be involved in investigating and finding facts.

Click to comment

Your Comment

The doctor has applied for the Miss BumBum pageant, no one wants to hire her anymore-MegaloPreneur The doctor has applied for the Miss BumBum pageant, no one wants to hire her anymore-MegaloPreneur

The doctor has applied for the Miss BumBum pageant, no one wants to hire her anymore

Living

Romina Malaspina, the sensual woman who makes all men sigh-MegaloPreneur-Magazine Romina Malaspina, the sensual woman who makes all men sigh-MegaloPreneur-Magazine

Romina Malaspina, the sensual woman who makes all men sigh

Interviews

Until yesterday, everyone in Croatia laughed at Aleksandra Prijovic, and today they are crazy about her songs-Megalopreneur Until yesterday, everyone in Croatia laughed at Aleksandra Prijovic, and today they are crazy about her songs-Megalopreneur

Until yesterday, everyone in Croatia laughed at Aleksandra Prijovic, and today they are crazy about her songs

Entertainment

SEKA ALEKSIC BANNED IN THE MEDIA BECAUSE OF THIS- The singer answered and said only one thing-MegaloPreneur-Magazine SEKA ALEKSIC BANNED IN THE MEDIA BECAUSE OF THIS- The singer answered and said only one thing-MegaloPreneur-Magazine

SEKA ALEKSIC BANNED IN THE MEDIA BECAUSE OF THIS- The singer answered and said only one thing

Entertainment

Emina Jahovic admitted that she did not have an easy life- I was the target, I was tried-MegaloPreneur-Magazine Emina Jahovic admitted that she did not have an easy life- I was the target, I was tried-MegaloPreneur-Magazine

Emina Jahovic admitted that she did not have an easy life- I was the target, I was tried

Entertainment

Buttocks, Cat, Film, Hair, Instagram, JEANS, Jelena Karleusa, Zvezda Granda, Nail polish, Kosutnjak, Buttocks, Cat, Film, Hair, Instagram, JEANS, Jelena Karleusa, Zvezda Granda, Nail polish, Kosutnjak,

Jelena Karleusa again in a provocative edition

Focus

Sasa Kovacevic went to Turkey for an operation-MegaloPreneur Sasa Kovacevic went to Turkey for an operation-MegaloPreneur

Sasa Kovacevic went to Turkey for an operation

Interviews

Cinthia Fernandez, the talented fitness mom from Argentina-MegaloPreneur-Magazine Cinthia Fernandez, the talented fitness mom from Argentina-MegaloPreneur-Magazine

Cinthia Fernandez, the talented fitness mom from Argentina

Entertainment

Advertisement
Connect
Newsletter Signup