Remarks by Secretary of the Treasury Janet L. Yellen at TechQuartier in Frankfurt, Germany

As Prepared for DeliveryI’m very glad to have the opportunity to be here at TechQuartier today. TechQuartier’s members are pioneering innovative approaches to climate, clean energy, and sustainable finance. And I’m pleased to see how many connections there are across the Atlantic, from TechQuartier members with U.S. offices to others looking to tap into significant American demand for their goods and services.The work happening here is representative of what we’re seeing across Germany and also at home in the United States: a private sector that’s crucial to our efforts to build clean energy industries in order to increase energy security while unlocking economic opportunity that will spur growth.Let me start with energy security. In recent years, we’ve seen the COVID-19 pandemic, Russia’s invasion of Ukraine, and the mounting physical and economic costs of climate change.