{"id":132668,"date":"2024-07-29T07:56:10","date_gmt":"2024-07-29T04:56:10","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/yellen-says-3t-of-fresh-capital-is-needed-annually-to-fight-climate-change\/"},"modified":"2024-07-29T07:56:10","modified_gmt":"2024-07-29T04:56:10","slug":"yellen-says-3t-of-fresh-capital-is-needed-annually-to-fight-climate-change","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/yellen-says-3t-of-fresh-capital-is-needed-annually-to-fight-climate-change\/","title":{"rendered":"Yellen says $3T of fresh capital is needed annually to fight climate change"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/132668\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The Treasury secretary called the shift to a low-carbon global economy \u201cthe single greatest opportunity of the 21st century.\u201d U.S. Treasury Secretary Janet Yellen on Saturday said that $3 trillion in new capital is required each year to combat climate change, and deemed the global transition to a low-carbon economy \u201cthe single greatest opportunity of the 21st century.\u201d<\/p>\n<p>Speaking in Bel\u00e9m, Brazil, after meeting with G20 finance ministers to discuss economic development this week, Yellen emphasized the need for stronger climate finance policies through 2050 to address the \u201cexistential threat\u201d to communities and economic strain posed by climate change. \u201cNeglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy. It is also bad economic policy,\u201d she said.<\/p>\n<p>The speech, delivered as part of an event by the Inter-American Development Bank, reaffirmed the U.S. commitment to the IDB\u2019s Amazonia Forever program on its first anniversary, a project intended to promote sustainable development in the Amazon region and defend against deforestation. Yellen urged coordination between the U.S. and countries like Brazil, Colombia and Ecuador to achieve global climate and economic goals \u2014 working within and across countries to catalyze investment in agriculture and infrastructure projects.<\/p>\n<p>Earlier Saturday, at a roundtable with IDB President Ilan Goldfajn and finance ministers in Bel\u00e9m, the Treasury secretary unveiled the Amazon Region Initiative Against Illicit Finance, a program that aims to obstruct the financing of so-called nature crimes, such as illegal logging and mining, that threaten biodiversity in the region. \u201cNature crimes generate hundreds of billions of dollars of illicit revenue while harming local communities and threatening critical ecosystems,\u201d Yellen said. \u201cThese crimes fuel corruption and destabilization wherever they occur.\u201d<\/p>\n<p>Yellen added that the Treasury Department is playing a key role in supporting the transition to net zero in the U.S., a priority of the Biden administration. She credited the Inflation Reduction Act for driving hundreds of billions of dollars of investment in clean energy technologies. \u201cOur ambitions at home match our ambitions abroad,\u201d she said.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.politico.com\/news\/2024\/07\/27\/yellen-amazon-climate-change-00171522\">Politico<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/yellen-says-3t-of-fresh-capital-is-needed-annually-to-fight-climate-change\/\">Yellen says $3T of fresh capital is needed annually to fight climate change<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[15473,462,575,1988],"class_list":["post-132668","post","type-post","status-publish","format-standard","hentry","category-news","tag-3t-of-fresh-capital","tag-climate-change","tag-environmental-news-en","tag-yellen"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/132668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=132668"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/132668\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=132668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=132668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=132668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}