Biden Admin Suggests Spending $78 Trillion to Achieve Net-Zero Global Carbon Emissions by 2050 | 6 Aug 2024 | U.S. Treasury Secretary [WEF lunatic] Janet Yellen said during a speech in Belem, Brazil, on Saturday that the price tag for a global transition to a low-carbon economy amounts to $78 trillion in financing through 2050. Yellen said that in order to achieve the goal of net-zero global carbon emissions, there would need to be $3 trillion globally in annual financing for the cause, which she said is a top priority for the Biden administration, according to the speech. In order to contribute to this, Yellen vowed to finance green initiatives in developing countries through multilateral development banks and develop "clean energy technologies." "The transition will require no less than $3 trillion in new capital from many sources each year between now and 2050," Yellen said during the speech.