It is 'critical' for Washington and Beijing to keep working together on climate finance, US Treasury Secretary Janet Yellen says, urging deeper cooperation in addressing 'existential threat' of global heating
As planet's two largest emitters of greenhouse gases and largest investors in renewable energy, both countries have joint responsibility and ability "to lead the way," US Treasury Secretary Janet Yellen tells Beijing.Chinese Premier Li Qiang, right, speaks as Treasury Secretary Janet Yellen, left, listens during a meeting at the Great Hall of the People in Beijing. / Photo: Reuters
During a visit to Beijing on Saturday, Yellen said previous cooperation on climate crisis between the US and China had made possible global breakthroughs such as the 2015 Paris Agreement, adding that both governments wanted to support emerging markets and developing countries as they strive to meet their climate goals.
"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." China is welcome to join the United States in contributing to a round of fund pledging for the GCF in September, said a US Treasury official.
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