Markets Wired

WASHINGTON—Yesterday, the U.S. Department of the Treasury and the Office of the U.S. Special Presidential Envoy for Climate (SPEC) hosted an informal discussion among organizations engaged in work on financial sector net-zero commitments. Climate Counselor to Treasury Secretary Janet L. Yellen, John Morton, and officials from Treasury’s Offices of International Affairs and Domestic Finance; SPEC officials led discussions on to discuss best practices, trends, and opportunities for enhancing the impact of net-zero finance commitments. The discussion was part of an ongoing effort by Treasury and SPEC to engage external stakeholders who are committed to supporting and expediting the economy-wide net zero transition. Treasury and SPEC are interested in finding ways to encourage transparent and accountable forward progress toward meeting our climate goals. Attendees included  Ceres, Climate Policy Initiative, Glasgow Financial Alliance for Net Zero, Partnership for Carbon Accounting Financials, RMI, Science-Based Target Initiative, United Nations Environment Programme Finance Initiative, and World Resources Institute.