Remarks by Secretary of the Treasury Janet L. Yellen on Extreme Heat Financing

As Prepared for Delivery Good morning. I’m glad to be co-hosting this event with Administrator Power. Thank you, Samantha, for moderating. I’m also glad to have Senior Advisor Podesta joining us. And thank you to the development partners attending for accepting our invitation. Extreme weather events, including heat waves, continue to become increasingly severe and frequent, from the East Coast of the United States to India. Mitigating and responding to these events, and addressing climate change more generally, is a key priority for the Treasury Department. And collaborating with the multilateral development banks has been at the heart of our approach from the outset. Not long after I became Treasury Secretary, I met with you, leaders of the MDBs, to discuss increasing climate ambition.