News story G7 Finance Ministers and Central Bank Governors meeting chaired by Chancellor agrees ambitious climate agenda in UK’s COP Presidency year
The Chancellor chaired a meeting with G7 counterparts today where they agreed an ambitious green agenda ahead of COP26, the UN Convention on Biological Diversity COP15 and beyond.
From:
6 April 2021
G7 Finance Ministers and Central Bank Governors discuss their role in driving forward the transition of their economies and financial systems to net zero
Chancellor highlights the need for G7 to raise its climate finance ambition to support the $100 billion target
Chancellor calls for improved climate-related financial disclosures and international transparency to tackle illicit finance from illegal wildlife trade
Yellen made the remarks in an address during her first meeting with the Coalition of Finance Ministers for Climate Action. She reportedly said the U.S. is committed to reaching the reduced emissions goal of 2030 set by the Obama-era Paris climate agreement.
“Climate, by its very nature, requires strong global cooperation,” Yellen said. “We lost four important years, and we recognize that many of you around the room have been leading change in your own countries.”
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The U.S. joined the coalition just last week, Reuters notes, along with seven other new member countries: Belgium, Burkina Faso, Japan, South Korea, Kyrgyzstan, Malaysia and Rwanda.
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