Yellen Calls for China's Cooperation on Climate Change and Trade

US Treasury Secretary Janet Yellen has urged China to collaborate with the United States in combating climate change, emphasizing their joint responsibility as the world's largest greenhouse gas emitters. During her visit to Beijing, Yellen called on China to support US-led initiatives like the Green Climate Fund, which aids developing nations in adapting to climate change. While China is the leading investor in solar energy and renewable technologies, its carbon dioxide emissions rose by 4% in Q1 2022. Yellen's visit aims to improve relations between the two countries, with a focus on climate cooperation and mitigating the impact on poorer nations. However, a key obstacle remains China's insistence that it is still a developing country and expects the US and Europe to bear the financial burden of the energy transition.