US Treasury Secretary Janet Yellen confirmed The importance of cooperation between the United States and China in addressing the pressing issue of climate change. As the world’s two largest economies, both countries play an important role in global efforts to mitigate environmental damage.
During her visit to Beijing, Yellin highlighted that past cooperation between the US and China has led to significant global progress such as 2015 Paris Agreement. He also noted that both countries are committed to supporting emerging markets and developing countries to achieve their climate goals.
At a roundtable on climate change in Beijing, the US Treasury Secretary stressed this The two countries should continue to cooperate in financing climate policy, tConsidering that the two countries are the largest emitters of greenhouse gases and major investors in renewable energy sources.
Yellen encouraged China’s support for existing multilateral institutions for climate protection, such as the Green Climate Fund (GCF) and Climate Investment Funds, which could enhance its influence with support from Washington and other stakeholders. The United States, under President Joe Biden’s administration, will provide an additional $1 billion to replenish the Green Climate Fund fund scheduled for September this year. US Treasury official He extended an invitation to China to join them and contribute to this cause.
However, according to a World Bank report last year China needs up to $17 trillion in additional investment to green infrastructure and technology in the energy and transport sectors, To reach the goal of net zero carbon emissions by 2060.
Source: Reuters
Cover photo: Shutterstock
