Previous cooperation on climate change between both countries had made possible global breakthroughs. Read more at straitstimes.com.
BEIJING – The United States and China, as the world’s two largest economies, must work together to combat the “existential threat” of climate change, US Treasury Secretary Janet Yellen told Chinese government officials and climate experts on Saturday.
China is the largest market after Europe for climate funds, surpassing the US, as funds in China have more than doubled since 2021 to US$46.7 billion , according to research firm Morningstar. “It is also critical that we encourage economy-wide transitions towards net-zero, which need to include the private sector,” Dr Yellen said, echoing that call, adding that it was imperative the climate-aligned investment be “interoperable” with both the US and Chinese economic systems.
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