Yellen Calls for Enhanced US-China Cooperation on Climate Finance and Economy

Treasury Secretary Janet Yellen called on China to contribute to international development funds and support existing multilateral climate institutions during her visit to Beijing. Yellen emphasized the leading role China and the U.S. must play in climate efforts, highlighting their status as the two largest economies, greenhouse gas emitters, and investors in renewable energy globally. She also discussed the importance of broad transitions toward net-zero carbon emissions and called on China to contribute to debt distress in low-income and emerging economies.