Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Yellen urges World Bank to develop 'clear and ambitious' climate targets

Published 04/20/2022, 02:53 PM
Updated 04/20/2022, 02:56 PM
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen answers questions about the current and future state of the U.S. and global economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday urged the World Bank to develop "clear and ambitious targets" for climate adaptation and the global energy transition, underscoring the importance of such efforts for reaching a net-zero energy future.

In a statement to the joint steering committee for the International Monetary Fund and World Bank, Yellen strongly condemned Russia's war in Ukraine, and said it had highlighted the consequences of reliance on fossil fuels.

"We must continue to develop and deploy renewable and zero emissions energy and reduce dependency on energy sources that are volatile," Yellen said.

Latest comments

Earths resources: The Great Squander continues.
Lets handcuff drilling and oil… create a supply crisis… then blame others… just a few short years ago we were net exporters of energy… hmmm
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.