US backing global efforts to tackle climate change, leverage private investment: Yellen
Yellen told her first meeting with the Coalition of Finance Ministers for Climate Action that Treasury would play a critical role in a whole-of-government push to reach an ambitious 2030 emissions target under the 2015 Paris climate agreement
FILE PHOTO: Janet Yellen, U.S. President-elect Joe Biden's nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis
The US government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen said on Tuesday.
Yellen told her first meeting with the Coalition of Finance Ministers for Climate Action that Treasury would play a critical role in a whole-of-government push to reach an ambitious 2030 emissions target under the 2015 Paris climate agreement.
She said Treasury was supporting international efforts to "better identify climate-aligned investments and encourage financial institutions to credibly align their portfolios and strategies with the objectives of the Paris Agreement."
