This woman has to be out of her mind. The United States is bankrupt, and counterfeiting (printing) money at insane rates, destroying the dollar and purposely crashing the U.S. economy.
In a ridiculous yet media claimed ‘powerful address’, U.S. Treasury Secretary Janet Yellen highlighted the urgent need for a staggering $3 trillion annually to drive the global shift towards a low-carbon economy. Speaking from Belem, Brazil—a key gateway to the Amazon—Yellen called this transition the “single-greatest economic opportunity of the 21st century.” She emphasized that achieving net-zero emissions is not just a goal for the U.S. but a critical global mission that demands widespread international collaboration. This lady has zero knowledge of real science and has listened to fake news and fakers in the field for years.
Harris-Biden Treasury Sec. Janet Yellen says their “transition to a lower carbon global economy” will “require no less than $3 trillion” each year pic.twitter.com/Ho5AoT3e9e
— RNC Research (@RNCResearch) July 28, 2024
Yellen didn’t hold back, pointing out that failing to address climate change and biodiversity loss is a grave mistake, both environmentally and economically. Her remarks followed the G20 finance leaders meeting in Rio de Janeiro, where she stressed the importance of integrating economic policies with climate action to secure a sustainable future.
In 2022, wealthy countries contributed a record $116 billion to climate finance for developing nations, with 40% of these funds coming through multilateral development banks (MDBs) like the World Bank and the Inter-American Development Bank (IDB). Yellen noted that these institutions are now setting more ambitious goals to enhance their efforts. She emphasized that this financial challenge is also a unique opportunity to promote sustainable and inclusive growth, particularly in regions that desperately need investment.
$3 Trillion annually until 2050 will be needed to transition to a low carbon economy says Treasury Secretary Janet Yellen. That’s a total of $78 Trillion, more than double the current national debt. pic.twitter.com/wc2S36E65P
— Barchart (@Barchart) July 28, 2024
While in Belem, Yellen met with finance ministers from Amazon basin countries and IDB President Ilan Goldfajn, reaffirming the U.S. commitment to the IDB’s Amazonia Forever initiative. This initiative focuses on integrating sustainable development practices in the region through targeted financing and collaborative efforts. Yellen expressed hope that this program would encourage greater private-sector investment, which is crucial for conserving nature and supporting regional development.
Two years ago, Yellen urged MDBs to expand their focus to include fighting climate change—a mission that has since become central to their operations. However, she emphasized that public funds alone are not enough; substantial private investment is also necessary. Yellen called for innovative business models to channel investments into protecting nature and biodiversity while strengthening economies and advancing climate goals.
| CLIMATE
U.S. Treasury Secretary Janet Yellen said that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050. pic.twitter.com/VUGpOdhlRs
— Gollum Frequency (@jdrnewss) July 28, 2024
In a significant move, Yellen also announced a new initiative with Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname to combat environmental crimes like illegal logging and wildlife trafficking, which are devastating the Amazon’s biodiversity. This initiative underscores the critical need for global cooperation to protect one of the world’s most important ecosystems from ongoing exploitation.
Major Points
- U.S. Treasury Secretary Janet Yellen announced the need for $3 trillion annually to transition to a low-carbon economy, highlighting it as the greatest economic opportunity of the century.
- Yellen emphasized the global nature of the climate challenge, urging international collaboration to achieve net-zero emissions.
- In 2022, $116 billion was provided by wealthy nations for climate finance in developing countries, with a significant portion coming from multilateral development banks.
- Yellen met with Amazon basin country ministers to support the Amazonia Forever initiative, aimed at sustainable regional development.
- A new initiative was launched with several South American countries to combat environmental crimes, emphasizing the need for international cooperation to protect the Amazon’s biodiversity.
Al Santana – Reprinted with permission of Whatfinger News