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India Inc and climate: Janet Yellen's voice will boom louder John Kerry's

The aim: ensure banks and insurers across the globe adhere to "climate-responsible financing", thereby making it costlier for India and China to finance their fossil fuel needs

US Treasury Secretary Janet Yellen
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US Treasury Secretary Janet Yellen

Subhomoy Bhattacharjee New Delhi
Beyond the meetings of John Kerry, the United States Special Presidential Envoy for Climate, with Indian government this week, there is a larger pressure group developing, that our banks, insurance companies and other financial institutions will have to tackle. It is happening through a series of meetings in quick succession by the US Treasury department to maintain the operation of the financial sectors of the EU, UK and the US to the same standards. Climate issues loom large at all these meetings. 

The most notable of these was the US-EU Joint Financial Regulatory Forum which met on March 24 and