Yellen says $3T of fresh capital is needed annually to fight climate change The Treasury secretary called the shift to a low-carbon global economy “the single greatest opportunity of the 21st century.” E&E News by POLITICO E&E News by POLITICO

Treasury Secretary Janet Yellen on Saturday said that $3 trillion in new capital is required each year to combat climate change and deemed the global transition to a low-carbon economy “the single greatest opportunity of the 21st century.”

Speaking in Belém, Brazil, after meeting with G20 finance ministers to discuss economic development this week, Yellen emphasized the need for stronger climate finance policies through 2050 to address the “existential threat” to communities and economic strain posed by climate change.

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