Yellen calls for diversified clean energy supply chains

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WASHINGTON: US Treasury Secretary Janet Yellen stressed on Monday (Aug 14) the need for diversified clean energy supply chains as America shifts away from fossil fuels, warning that production should not be concentrated in a few countries. While she did not provide names, Yellen's prepared remarks com

WASHINGTON: US Treasury Secretary Janet Yellen stressed on Monday the need for diversified clean energy supply chains as America shifts away from fossil fuels, warning that production should not be concentrated in a few countries.

She stressed the importance of building resilient and diversified critical global supply chains to mitigate disruptions and safeguard economic security. Apart from being the country's"boldest-ever climate action," Yellen said Monday that the act revitalises left-behind communities and boosts energy security as well.

 

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