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.
Smoke rises from chimneys at a factory in the port of Dunkirk, France January 19, 2023. REUTERS/Yves Herman/File Photo
During a visit to Beijing, Yellen said previous cooperation on climate change between the U.S. 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 U.S. Treasury official.
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