African leaders demanded at the COP26 climate conference in Glasgow, Scotland, on Tuesday that wealthy countries responsible for the bulk of carbon emissions make good on an earlier pledge to provide $100 billion a year to help poorer countries cope.
U.S. Treasury Secretary Janet Yellen on Tuesday will push financial institutions to adopt a "greater sense of urgency" about investing in a net-zero economy in meetings with the head of Bank of America and other finance CEOs, Treasury officials said.
President Vladimir Putin said it was vital to protect forests to curb climate change and that Russia would draw on its own vast forestland to meet its emissions pledges, speaking in a pre-recorded video broadcast at the COP26 climate talks on Tuesday.
Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said.
The developed world's $100 billion climate financing target could be met a year earlier than expected, U.S. climate envoy John Kerry said on Tuesday, citing new commitments made earlier in the day by Japan.