The United States and China, as the world's two largest economies, must work together to combat the 'existential threat' of climate change, U.S. Treasury Secretary Janet Yellen told Chinese government officials and climate experts on Saturday.
BEIJING, July 8 - The United States and China, as the world's two largest economies, must work together to combat the "existential threat" of climate change, U.S. Treasury Secretary Janet Yellen told Chinese government officials and climate experts on Saturday.
"As the world's two largest emitters of greenhouse gases and the largest investors in renewable energy, we have both a joint responsibility – and ability – to lead the way." Yellen said financing for such initiatives should be coordinated efficiently and effectively, adding that Beijing's support for existing multilateral climate institutions like the Green Climate Fund and the Climate Investment Funds, alongside the Washington and others, could boost their impact.
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