UPDATE 1-U.S. Treasury’s Yellen tells development banks to mobilize private capital for climat …

update 1 u s treasurys yellen tells development banks to mobilize private capital for climate fight

Sumary of UPDATE 1-U.S. Treasury’s Yellen tells development banks to mobilize private capital for climate fight:

  • The Treasury said in a statement that Yellen, White House climate envoy John Kerry and the heads of the major development banks discussed ways to “maximize” private capital for climate change finance and re-evaluate the banks’ internal incentives and practices toward that end.
  • “Secretary Yellen encouraged the MDBs to increase their focus on climate adaptation, particularly through private-sector operations, and to support developing countries in implementing ambitious emissions reduction measures and protecting critical ecosystems,” the Treasury said.
  • Among potential initiatives discussed at the meeting were banks’ moving beyond their traditional development finance to help countries develop green bond markets and create “enabling environments” to attract more private climate investments.
  • World Bank President David Malpass tweeted that there was “a good discussion of climate change” during the meeting.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close