Yellen says $3T needed annually to ensure shift to low-carbon global economy

seekingalpha07-28

Treasury Secretary Janet Yellen said Saturday that the global transition to a low carbon economy will require $3T in new capital each year through 2050, far above current financing. Speaking in Brazil...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454594479?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1304015369/image_1304015369.jpg","is_english":true,"pubTime":"2024-07-28 08:15","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2454594479","market":"fut","top_or_hot":-1,"title":"Yellen says $3T needed annually to ensure shift to low-carbon global economy","media":"seekingalpha","content":"<div>\n<p>Treasury Secretary Janet Yellen said Saturday that the global transition to a low carbon economy will require $3T in new capital each year through 2050, far above current financing. Speaking in Brazil...</p>\n\n<a href=\"https://seekingalpha.com/news/4129256-yellen-says-3t-needed-annually-to-ensure-shift-to-low-carbon-global-economy\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yellen says $3T needed annually to ensure shift to low-carbon global economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYellen says $3T needed annually to ensure shift to low-carbon global economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-28 08:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4129256-yellen-says-3t-needed-annually-to-ensure-shift-to-low-carbon-global-economy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Treasury Secretary Janet Yellen said Saturday that the global transition to a low carbon economy will require $3T in new capital each year through 2050, far above current financing. Speaking in Brazil...</p>\n\n<a href=\"https://seekingalpha.com/news/4129256-yellen-says-3t-needed-annually-to-ensure-shift-to-low-carbon-global-economy\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAN","symbol_name":"太阳能ETF-Guggenheim","start_time":0,"source_url":"https://seekingalpha.com/news/4129256-yellen-says-3t-needed-annually-to-ensure-shift-to-low-carbon-global-economy","article_id":"2454594479","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1304015369/image_1304015369.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454594479","pubTimestamp":1722125727,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Treasury Secretary Janet Yellen said Saturday that the global transition to a low carbon economy will require $3T in new capital each year through 2050, far above current financing. Speaking in Brazil after meeting with G20 finance ministers to discuss economic development, Yellen said stronger climate finance policies are needed to address the \"existential threat\" of climate change, which will require leadership far beyond U.S. borders. \"Neglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy. It is also bad economic policy,\" Yellen said. But the financing need is \"the single greatest economic opportunity of the 21st century\" and can be leveraged to support sustainable and more inclusive growth, including for investment-starved countries, she said. Wealthy economies mobilized $116B in climate finance for developing countries in 2022, with 40% coming from multilateral development banks; Yellen said the banks, including the World","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TAN":"太阳能ETF-Guggenheim","CNRG":"SPDR S&P Kensho Clean Power ETF","QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund","ACES":"ALPS Clean Energy ETF","DRIV":"Global X Autonomous & Electric Vehicles ETF","QID":"纳指两倍做空ETF","BATT":"Amplify Lithium& Battery Technology ETF","LIT":"Global X Lithium & Battery Tech ETF","TQQQ":"纳指三倍做多ETF","PBD":"Invesco Global Clean Energy ETF","BK4585":"ETF&股票定投概念","FAN":"First Trust Global Wind Energy ETF",".IXIC":"NASDAQ Composite","ERTH":"Invesco MSCI Sustainable Future ETF","PBW":"Invesco WilderHill Clean Energy ETF","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","ICLN":"iShares S&P Global Clean Energy","IDRV":"iShares Self-Driving EV and Tech ETF","HAIL":"SPDR S&P Kensho Smart Mobility ETF","SMOG":"VanEck Low Carbon Energy ETF","BK4588":"碎股","KARS":"KraneShares Electric Vehicles and Future Mobility Index ETF","SQQQ":"纳指三倍做空ETF"},"translate_title":"耶伦表示每年需要3T美元来确保向低碳全球经济转型","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACES":1,"US7Y.BOND":1,"US6M.BOND":1,"US5Y.BOND":1,"US3Y.BOND":1,"US30Y.BOND":1,"US2Y.BOND":1,"US12M.BOND":1,"US10Y.BOND":1,"TAN":1,"SMOG":1,"QCLN":1,"PBW":1,"PBD":1,"LIT":1,"IDRV":1,"BATT":1,"CNRG":1,"DRIV":1,"ERTH":1,"FAN":1,"HAIL":1,"KARS":1,"ICLN":1,".IXIC":0.64,"US912797HE00.BOND":0.6,"QLD":0.6,"US912797GW17.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GK78.BOND":0.6,"PSQ":0.6,"QID":0.6,"TQQQ":0.6,"MNQmain":0.6,"SQQQ":0.6,"NQmain":0.6},"content_text":"Treasury Secretary Janet Yellen said Saturday that the global transition to a low carbon economy will require $3T in new capital each year through 2050, far above current financing. Speaking in Brazil after meeting with G20 finance ministers to discuss economic development, Yellen said stronger climate finance policies are needed to address the \"existential threat\" of climate change, which will require leadership far beyond U.S. borders. \"Neglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy. It is also bad economic policy,\" Yellen said. But the financing need is \"the single greatest economic opportunity of the 21st century\" and can be leveraged to support sustainable and more inclusive growth, including for investment-starved countries, she said. Wealthy economies mobilized $116B in climate finance for developing countries in 2022, with 40% coming from multilateral development banks; Yellen said the banks, including the World Bank and the Inter-American Development Bank, are setting new targets. ETFs: (NASDAQ:ICLN), (NASDAQ:QCLN), (PBW), (PBD), (ACES), (CNRG), (ERTH), (SMOG), (TAN), (FAN), (DRIV), (KARS), (HAIL), (IDRV), (LIT), (BATT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454594479"}