Source: US NEWS & WORLD REPORT, 11/3/21

The United States on Wednesday announced its support for a new capital market mechanism that will issue investment-grade bonds and raise significant new finance for scaling clean energy and sustainable infrastructure in emerging economies. Underscoring the urgency of acting to stop global warming, Treasury Secretary Janet Yellen told the COP26 climate conference in the Scottish city of Glasgow that the United States would join Britain in backing the Climate Investment Funds' (CIF) new Capital Market Mechanism and its innovative leveraging structure.

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