The chancellor says London will become the world’s first net zero finance centre. Follow the latest from Glasgow here

Yellen says a price tag can be put on the action needed, and that it’s estimated at $100-150tn. She says a lot will depend on how public finance is used to direct adaptation and mitigation domestically.

She says the US is stepping up by quadrupling the level of international climate finance to more than $11bn a year by 2024.

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