US Treasury announces new hub to coordinate climate policies

4/20/2021

For any News Coverage, Please Contact: media@jhalak.com

The US Treasury Department announced that it is creating a new "Climate Hub" in the department to help coordinate economic policies that address climate change.

"The Treasury Climate Hub will coordinate and enhance existing climate-related activities by harnessing the tools, capabilities, and expertise from across the Department-including from Domestic Finance, Economic Policy, International Affairs, and Tax Policy," the Department said in a statement issued on Monday.

"With a view of all Treasury climate initiatives, the Hub will enable Treasury to move nimbly and efficiently in prioritizing climate action," it added.

The hub will be headed by John Morton, the Treasury's first "Climate Counselor", also a former Obama administration official and climate finance expert, Xinhua news agency reported citing the Department as saying.

Morton will report directly to Treasury Secretary Janet Yellen and focus in particular on the Department's efforts to facilitate and unlock the financing needed for investments to achieve a net-zero economy at home and abroad, according to the statement.

"Climate change presents new challenges and opportunities for the US economy. The steep consequences of our actions demand that the Treasury Department make climate change a top priority," Yellen was quoted as saying in the statement.

"Finance and financial incentives will play a crucial role in addressing the climate crisis at home and abroad and in providing capital for opportunities to transform the economy," she said.

The Treasury Department will further focus on the broad range of its climate-related policy work connected to climate transition finance, climate-related economic and tax policy, and climate-related financial risks, the statement added.

Source: IANS

For any News Coverage,Please Contact: media@jhalak.com

Related Links

Jhalak.com - Indian Classifieds in USA.

  • Jhalak.com is an Enterprise Multi Utility Classifieds Portal Which is Integrated and Centralized Online Classifieds, Sports Software’s and Indian Movie tickets.
  • Jhalak.com is an Indian Classifieds in USA that Covers Indian Business Directory, Roommates, Nanny Services, Buy and Sell, Indian Attorneys, CPA and Financial Tax Services, Indian Doctors, Indian Events, Indian Stores, Shops, H1 B Jobs, Training Centers, Indian Restaurants, Indian Communities, Coupons, Indian Real Estate agents and Many more desi classifieds categories.
  • Our Entertainment zone is a set of Indian Movies Information include Tollywood, Bollywood, Kollywood, Sandalwood, Hollywood and Provides Online Movies Tickets for Indian Movies in USA.
  • Online Sports Software: Cricket, Volley-Ball, Tennis, Badminton, Carrom and Ping Pong and Chess.