NEWS

US Treasury Secretary: US, China Must Work Together To Fight Global Warming

The world’s two largest economies – the United States and China – must work together to fight the “existential threat” of global warming, U.S. Treasury Secretary Janet Yellen said Saturday in Beijing at a meeting with Chinese government officials and climate experts.

“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,” Yellen said.

Yellen said, “climate finance should be targeted efficiently and effectively” to support already established institutions like the Green Climate Fund, a U.N. entity that is endeavoring to support a paradigm shift in the global response to climate change.

On Friday, Yellen held “candid and constructive” talks with China’s prime minister, Li Qiang, in Beijing.

A Treasury Department statement said Yellen “discussed the administration’s desire to seek healthy economic competition with China that benefits both economies, including American workers and businesses.”

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Edited by Jesus Chan

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