The United States is working to build resilient, diversified clean energy supply chains to protect its economic security, while guarding against the risks posed by over-concentration in a handful of countries, U.S. Treasury Secretary Janet Yellen said in remarks prepared for an event in Las Vegas on Monday.
she will deliver after touring a union facility where workers are learning skills to work on clean energy projects.
"As we move away from fossil fuels, we remain concerned about the risks of over-concentration in clean energy supply chains," she said in excerpts of the speech obtained by Reuters. "Today, the production of critical clean energy inputs – from batteries to solar panels to critical minerals – is concentrated in a handful of countries."
Yellen said the U.S. was investing domestically to build more resilient and diversified supply chains, while helping other countries accelerate their own energy transitions.
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