A bird's eye view of the vineyard
Saker message to the community: we need your help. Fri Sep 17, 2021 17:26 | The Saker
Dear friends I wish we lived in a perfect world, populated by perfect people, and nobody would ever have to worry about or, even less so, ask for financial help
(Neo)Liberalism and its Discontents Fri Sep 17, 2021 16:24 | amarynth
by Francis Lee for the Saker Blog FROM CLASSICAL LIBERALISM TO NEO-LIBERALISM The contemporary neo-liberal coalition consisting politically of a centre-left, centre, and centre-right ? what we might call the
Iran?s Raisi gave Resistance ?presidential? treatment at swear-in: Hezbollah?s No. 2 Fri Sep 17, 2021 15:06 | amarynth
Original link: http://middleeastobse... Description: In an interview with Lebanese media in last month, Hezbollah?s Deputy-Secretary General Sheikh Naim Qassem explained why the swearing-in ceremony of Iran?s new president Ibrahim Raisi was
Moveable Feast Cafe 2021/09/16 ? Open Thread Fri Sep 17, 2021 00:00 | herb
2021/09/16 23:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
SITREP: political prisoners in the UK Thu Sep 16, 2021 17:48 | The Saker
Dear friends, today I am posting an email (with permission) describing the situation of another political prisoner in the UK, not Assange and not the, apparently held incommunicado, Skripal father
The Saker >>
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Public Inquiry >>
Voltaire, international edition
Emirates tasked Mossad with World Expo security Thu Sep 16, 2021 07:20 | en
Israel admits merits of US diplomacy vis-à-vis Iran Wed Sep 15, 2021 19:30 | en
Atomic Iran and Al Qaeda are America's New Enemies Wed Sep 15, 2021 15:43 | en
Clinton, Bush and Obama welcome Afghan refugees Wed Sep 15, 2021 15:07 | en
Biden, Morrison & Johnson Announcing the Creation of AUKUS, by Boris Johnson, Jo... Wed Sep 15, 2021 11:33 | en
Voltaire Network >>
Biden Vows Cut to US Emissions as Yellen Commits Full Power of Treasury to Address Climate Change
economics and finance |
Thursday April 22, 2021 22:35 by Zachary Conti - Jubilee USA
Financial decisions play a critical role in solving climate change, advocated Treasury Secretary Yellen during a US-hosted climate summit. More than 40 world leaders are attending the two-day virtual gathering convened by President Biden. Biden announced a new US target to halve fossil fuel emissions by 2030 and eliminate them by 2050.
“The summit encourages world leaders to do more to protect our planet and environment,” noted Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. “Secretary Yellen's powerful words remind us that climate change decisions are linked to financial decisions and global coronavirus response."
In a strategy unveiled on Tuesday, Treasury pledged to confront climate change, domestically and globally, in all decisions the financial institution considers. To ensure all agencies within Treasury focus on climate change, Yellen named John Morton as the department's first Climate Counselor to lead the Climate Hub, reporting directly to Yellen on climate matters.
“Treasury is playing a key leadership role at the IMF and G20 to confront climate change worldwide," stated LeCompte.
This year the US co-chairs the G20 sustainable finance working group which will have a role in climate change issues.
In a speech on Wednesday to a group of private investors and creditors, the Institute of International Finance, Yellen asserted that developing countries are vulnerable to climate change. She underscored that infrastructure investments should be low-emission, resilient and sustainable.
“Treasury's encouragement for private sector investments to promote climate solutions is important,” shared LeCompte. "I worry that Yellen's words are falling on deaf ears. In spite of the urging of the US, IMF, G20, UN and World Bank, too much of the private sector refuses to participate in coronavirus debt relief. Segments of the private sector are forcing developing countries to choose between paying debt or supporting their people and addressing climate change."
In March, Jubilee USA Network and Treasury organized a roundtable with Yellen and high-ranking religious leaders. At the meeting, the Secretary shared her vision of Treasury's role in combating climate change.