WASHINGTON: The US Treasury Secretary Janet Yellen said the States is seeking to increase the scale of climate finance and working with the international community to tackle climate change.

Yellen said, the US Treasury is working through the US Financial Stability Oversight Council and participating in international forums to understand and mitigate the risks that climate change poses to the stability of the financial system and macro-economy in the US and across jurisdictions.

"Climate, by its very nature, requires strong global cooperation. We lost four important years, and we recognize that many of you around the room have been leading change in your own countries," Yellen said at her first meeting with the Coalition of Finance Ministers for Climate Action., adding that the US was pleased to join the coalition last week, as per reports.

"Finance ministries have a vital role to play, and there is much that we can learn from each other about how to integrate climate into our financial planning and decision-making. We are also supporting international efforts to better identify climate-aligned investments and encourage financial institutions to credibly align their portfolios and strategies with the objectives of the Paris Agreement," she said.

Meanwhile, the US Treasury is working with the White House, Congress and others to ensure that domestic economic programs and tax policies support US climate goals, including building climate-resilient infrastructure and facilitating a transition to a decarbonised economy, according to Yellen.

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