Treasury Secretary Janet Yellen states $3 trillion annual investment needed for low-carbon economy by 2050.
Treasury Secretary Janet Yellen announced that the global transition to low-carbon economy requires $3 trillion in new capital annually through 2050, calling it the "single greatest economic opportunity of the 21st century." Yellen emphasized that addressing climate change is crucial for both environmental and economic reasons, and she highlighted that wealthier economies provided $116 billion in climate finance for developing countries in 2022.
July 27, 2024
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