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ChatGPT | Yellen says $3T of fresh capital is needed annually to fight climate change,
27 July theoretical carbon capture
The speech, delivered as part of an event by the Inter-American Development Bank [IDB], reaffirmed the U.S. commitment to the IDB's Amazonia Forever program on its first anniversary, a project intended to promote sustainable development in the Amazon region and defend against deforestation.
Remarks by Secretary of the Treasury Janet L. Yellen at the Goeldi Museum in Belém, Brazil
Inflation Reduction Act "Net-Zero Principles for Financing and Investment to provide guidance to U.S. financial institutions pursuing net-zero commitments"
I. Strengthening Relationships with our Allies and Partners
II. Making the International Financial Architecture Work Better for Countries
III. Harnessing the Power of Markets
"Ultimately, through strengthening relationships, making the international financial architecture work better for countries, and harnessing the power of markets, we're making progress toward tackling climate change, the loss of nature and biodiversity, and related challenges"
Yellen urged coordination between the U.S. and countries like Brazil, Colombia, and Ecuador to achieve global climate and economic goals—working within and across countries to catalyze investment in agriculture and infrastructure projects.
"Globally, nature crimes are estimated to generate proceeds in the hundreds of billions of dollars annually and often entail misusing and abusing the U.S. financial system. Given the importance of the U.S. dollar and financial system to international trade and finance, nature crimes present a unique money-laundering threat with respect to proceeds transiting the U.S. financial system."
Earlier Saturday, at a roundtable with IDB President Ilan Goldfajn and finance ministers in Belém, the Treasury secretary unveiled the Amazon Region Initiative Against Illicit Finance [17.07.24], a program that aims to obstruct the financing of so-called nature crimes, such as illegal logging and mining that threaten biodiversity in the region.
igarape.org.br | FACT Applauds Announcement of New Intergovernmental Initiative to Combat Illicit Finance and Nature Crimes, 30 July

reference
treasury.gov, 2024 National Money Laundering Risk Assessment (NMLR), Feb 2024, 108 pp
"The establishment of a beneficial ownership information registry housed at Treasury's Financial Crimes Enforcement Network (FinCEN) on January 1, 2024 will fundamentally enhance corporate transparency and address the United States' most significant and longstanding gap in its AML/CFT [Anti-Money Laundering / Countering the Financing of Terrorism] regime."

treasury.gov, 2024 National Strategy for Combating Terrorist and Other Illicit Financing, pdf
"Illicit finance threatens U.S. national security, prosperity, and the viability of democracy. Protecting these tenets of American life requires monitoring and evaluating the evolving threats and vulnerabilities to the U.S. financial system."

thefactcoalition, Dirty Money and the Destruction of the of the Amazon, Uncovering the U.S. Role in Illicit FInance and Environmental Crimes in Peru and Columbia (Oct 2023)

by Cat on Tue Jul 30th, 2024 at 08:49:56 PM EST
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