Climate change: Yellen calls for 'wholesale transformation of our carbon intensive economies'_老虎社区_美港股上老虎

Climate change: Yellen calls for 'wholesale transformation of our carbon intensive economies'

Yahoo2021-11-03

Treasury Secretary Janet Yellen called for a "wholesale transformation" ofcarbon intensive economiesat the UN Climate Change Conference (COP26) in Glasgow on Wednesday, urging the private sector to ...

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Estherbunny
·2021-11-03
wow
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lplxll
·2021-11-03
Agree
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收起
- lplxll:
  good
  2021-11-08
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- jerryang17:
  Yes.
  2021-11-03
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And the only way we will get this done is if trillions of dollars are forthcoming.\"\nPresident Biden has already announced a U.S. commitment to quadruple international climate finance by 2024, to more than $11 billion. The private sector is expected to pick up the bulk of the investments, because of the sheer scale and cost of the effort needed to sunset coalpowered plants and invest in renewable energy, among other measures.\nYellen stated the private sector stands \"ready to supply the financing\" to avoid the worst of the climate crisis. Some of the world’s largest multinational companies, including Amazon (AMZN) and Microsoft (MSFT), as well as asset managers have made the trip to Glasgow to seek investment opportunities in the green transition.\nHowever, commercial banks have been slow to line up capital for projects. 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