US Treasury Secretary warns inaction on climate could cause economic crisis ...Middle East

Economy by : (Business Standard) -
Treasury Secretary Janet Yellen warned Tuesday of economic calamity if climate change is not addressed with immediate government intervention. Joined by local business owners and prominent Democrats in North Carolina, Yellen said the increasing frequency and severity of natural disasters could create devastating short-term supply reductions of everyday goods that could cause prices to skyrocket. Supply chain disruptions like those experienced on a global scale during the COVID-19 pandemic could soon become commonplace, she said during a visit to Cypress Creek Renewables' solar farm in Chapel Hill. Here in North Carolina, you remember well the devastating toll of Hurricane Florence. That disa

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