Remarks by Secretary of the Treasury Janet L. Yellen on High-Integrity Voluntary Carbon Markets

As Prepared for DeliveryGood morning. Thank you to Bloomberg Philanthropies, the Center for Climate and Energy Solutions, and the Environmental Defense Fund for the great work you’re doing and for hosting us today.The Biden Administration has been committed to addressing climate change since day one. And the Treasury Department has worked to play our part to raise ambition and deliver progress at home and abroad.At home, the Inflation Reduction Act is the most significant climate legislation in our nation’s history. It is fueling investments in renewable energy—propelling us toward our climate goals while expanding economic opportunity for Americans across the country. Abroad, our work has included launching Just Energy Transition Partnerships and calling for the multilateral development banks to evolve so that they are equipped to help countries better address global challenges including climate.But we know there’s much more to do.