Treasury Secretary Janet YellenJanet Louise YellenThe monetary regulators on climate hazards The Treasury announces sanctions that oppose Saudi officials following the Khashoggi survey report: Biden’s approval remains strong under the democrats’ eyes. Change will “change radically” under his leadership.
At a virtual assembly of Finance Ministers and Central Bankers of the Group of Seven (G7), Yellen said the United States would play a leading role in the global struggle after years of environmental setback under the leadership of former President Trump Donald Trump named Sacha Baron Cohen’. danger of lies, hatred and conspiracies ‘in Sorkin’s Speech of the Golden Globes uses Abbie’s quote: Democracy is’ something you do ‘Trump’s former aide, Pierson, is his candidacy for Congress MORE.
“She expressed her firmness at the G7’s efforts to combat climate replacement, and emphasized that her colleagues deserve to be waiting for the Treasury Department’s commitment to this factor to be dramatically replaced after 4 years,” the branch said in a statement.
The secretary noted that “we perceive the very important role the United States will have to play in the global weather effort. “
Yellen’s commitment to global allies marks a significant shift in the US government. But it’s not the first time To combat climate change, a major precedent for the Biden administration. Under Trump, the United States withdrew from the Paris climate agreements, which Biden has joined ever since, and weakened emissions and power. power criteria designed to slow the speed of global warming.
Yellen also promised to have the climate replace one of the main objectives of her tenure as Secretary of the Treasury. He called global temperatures an “existential threat” to the planet and the economy in its confirmation hearing, and said the federal government wants to expand. “Regulations necessary to assess and mitigate this risk”.
As Secretary of the Treasury, Yellen is guilty of detecting dangers to the monetary formula and can take steps to mitigate them through the Financial Stability Oversight Board, an inter-agency organization of regulators she chairs. He is also expected to incorporate Sarah Bloom Raskin, who served as undersecretary of the Obama Administration Treasury, to serve as the department’s climate tsar, the Wall Street Journal reported Friday.
Climate hawks and advocates of stricter monetary regulations have warned that monetary formula can be altered by climate change through multiple means. emerging sea levels, and countries that rely on fossil fuel exports can face serious and demanding situations as renewable energy increases.
Yellen would probably also be concerned about the progression of any carbon pricing plan proposed through Biden. He told the Senate Banking Committee that the president supported “an implementation mechanism that requires polluters to bear the general burden of the carbon pollutants they emit. “however, it specified whether this would be imposed through a carbon or emissions tax.
While Democrats largely have Yellen’s climate position, Republicans have criticized efforts to combat climate replacement in the monetary formula as the Treasury and the Federal Reserve intensify their efforts. regulatory needs similar to climate risks.
Federal Reserve Chairman Jerome Powell, a Republican, said in December that the climate would replace an “emerging risk” to the monetary sector, a day after the Fed joined a global network of central banks committed to the fight against global warming.
The Fed’s formula establishes a committee to monitor climate hazards for the US banking formula. U. S. , which he oversees along with the Office of the Currency Controller and the Federal Deposit Insurance Corporation.
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