[ad_1]
“It is important to recognize that there are many policy levers and pathways that countries will take to create incentives for decarbonization,” Ms. Yellen said at a panel discussion. “These could include regulatory measures, standards, direct public investment, public subsidies to incentivize private investment and carbon markets. “
She added: “Our policies should have the common goal of giving the public and private sectors the clarity, incentives and resources to reduce emissions. “
Ms. Yellen, who is on her second international trip as Secretary of the Treasury, will hold bilateral meetings with many of her counterparts, including officials from Saudi Arabia, Japan, Turkey and Argentina. China, which has adhered to the global minimum tax framework, is not expected to send officials to the gathering of finance ministers and central bank governors, so there will be no talks between the two largest economic powers in the country. world.
The forum will be another opportunity for the Biden administration to demonstrate the United States’ renewed commitment to multilateralism.
Mr Saint-Amans expressed optimism about the trajectory of the tax negotiations, which were on life support during the last year of the Trump administration, and attributed this in large part to the new diplomatic approach of the United States. .
“It took an American election and some work at the OECD,” he said.
During the roundtable on taxation and climate change, Ms. Yellen’s counterparts said they appreciate the cooperative spirit of the United States.
Chrystia Freeland, Deputy Prime Minister and Minister of Finance of Canada, said the United States’ return to the table to fight climate change was “welcome” and “transformative.” Mr. Le Maire thanked the Biden administration for joining the Paris Agreement.
“The United States is back,” he said.
Liz Alderman contributed to the Paris report.
[ad_2]
Source link