How many zeros in the net zero figure for climate taxes are people going to be expected to pay, and in return for what?
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Yellen said during a speech on Saturday that the price tag for a global transition to a low-carbon economy amounts to $78 trillion through 2050, says The Daily Caller.

Yellen said that in order to achieve the goal of net-zero global carbon emissions, there would need to be $3 trillion globally in annual financing for the cause, which she said is a top priority for the Biden administration, according to the speech.

In order to contribute to this, Yellen vowed to finance green initiatives in developing countries through multilateral development banks and develop “clean energy technologies.”
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During her speech, Yellen advocated for these climate initiatives to be implemented “beyond our borders.”

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August 3, 2024 at 04:48AM