Department of Energy America Announced, in a statement on Friday, the establishment of a platform for the producers of Petroleum And gas, aimed at zero net oil and gas emissions in the future. Canada, Norway, Qatar and Saudi Arabia are part of the initiative.
The United States, in its statement, reaffirmed its goal of reducing its net greenhouse gas emissions by 2050 and said that, to meet Environmental goals, It is important that all major emitters identify and act on solutions to control emissions associated with fossil fuels. Countries collected on the platform represent 40% of global oil and gas production, notes the US government note.
The United States Department of Energy, in a statement on Friday, established a platform for oil and gas producers, which aims to zero net oil and gas emissions in the future. Canada, Norway, Qatar and Saudi Arabia are part of the initiative.
The United States, in its statement, reaffirmed its goal of reducing its net greenhouse gas emissions by 2050 and stated that, to meet environmental targets, it is important to control emissions associated with all major emitting fossil gels. Identify and work out solutions for. Countries collected on the platform represent 40% of global oil and gas production, notes the US government note.
Climate change is a risk to the US and the world, but it brings opportunities, says Yellen
US Treasury Secretary Janet Yellen on Friday warned the world about the risks of climate change, but at the same time emphasized “business opportunities” that could cause problems. During the Bloomberg event, Yellen highlighted the important role the private sector was investing in for this purpose.
Yellen also emphasized the role of tax policy in encouraging these changes. As an example, it said that the government of United States President Joe Biden aimed to “end subsidies” in the fossil fuel sector – he did not mention a timeframe for it. In Yellen’s assessment, in the current situation, “there is a proliferation of international efforts” in the search for sustainable investment.
Also present at the virtual event, the President of the European Central Bank (ECB), Christine Lagarde, praised the new US government’s posture, the week in which it hosts the climate summit. “I can only celebrate the fact that America is back” on the environmental issue, he commented.
In order to allow advances in investment in the fight against climate change, it is still necessary to move forward on the issue of information, in Lagarde’s assessment. She commented that there is no precise definition of what would be “green investment” or “not so green”, nor any accuracy regarding emissions costs. According to him, the ECB has tried to pursue this issue of climate change in its work.
The European Commissioner for Financial Stability, Mared McGinness, defended that companies and governments give as much weight to information about stability as they do to the financial matrix already established in their decisions. She commented on the effort to get a joint response on the environmental issue within the European Union. “We are all going in the right direction,” she said, speaking of the world’s stance on the subject at the moment. “We see obstacles, but we also see solutions,” he said.