In celebrating Earth Day and Earth Week, the Biden Administration hosted a virtual climate summit for 40 world leaders. The President announced a commitment to cutting greenhouse gas emissions by 50-52% below 2005 levels by 2030. The summit is also an opportunity for the Administration to highlight its all of government approach to the climate crisis, including not only the heads of environmental agencies but also officials like the secretary of defense and the director of national intelligence. Prior to the summit, Secretary of the Treasury, Janet Yellen announced the creation of a “Climate Hub” that will would "coordinate and enhance" work to "facilitate and unlock" financing for climate-friendly investments; make environmental justice central to Treasury's efforts; work to mitigate climate-related risks to the financial system; and more.
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