WASHINGTON: The U.S. government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen said on Tuesday.
Yellen told her first meeting with the Coalition of Finance Ministers for Climate Action, a two-year-old group that Washington joined last week, that the U.S. Treasury would play a critical role in a government-wide push to reach an ambitious 2030 emissions target under the 2015 Paris climate agreement.
Biden is due to announce the target at a leaders' summit on climate change later this month, a sharp reversal from the actions of his predecessor, Donald Trump, who withdrew the United States from the climate accord.
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