Published: Jul 29, 2024, 06:15 IST | Updated: Jul 29, 2024, 06:15 IST
World Business Watch Jul 29, 2024, 06:15 IST
Janet Yellen says, '$3 Trillion needed annually for Climate funds'
US Treasury Secretary Janet Yellen has highlighted the urgent need for $3 trillion annually to finance the global transition to a low-carbon economy, a significant increase from current levels. Speaking in Belem, Brazil, Yellen underscored that this investment is crucial for achieving net-zero emissions and represents the "Single-greatest economic opportunity of the 21st century." this statement follows the recent g20 finance leaders meeting in Rio De Janeiro.