Malaysia joins international climate finance ministers group

At a virtual meeting on the sidelines of the International Monetary Fund and World Bank Spring Meetings, the group also welcomed seven other new member finance ministers, from Belgium, Burkina Faso, Japan, South Korea, Kyrgyzstan, Malaysia and Rwanda, bringing its ranks to 60. (File pic shows US Treasury Secretary Janet Yellen)

WASHINGTON: The U.S. government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen said on Tuesday.

Yellen told her first meeting with the Coalition of Finance Ministers for Climate Action, a two-year-old group that Washington joined last week, that the U.S. Treasury would play a critical role in a government-wide push to reach an ambitious 2030 emissions target under the 2015 Paris climate agreement.