Yellen calls for diversified clean energy supply chains

New push: Yellen touring a training centre for clean energy jobs in Las Vegas. US companies have made US$500bil in investments for clean energy over the last two years. — AP

WASHINGTON: US Treasury Secretary Janet Yellen has stressed 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 come at a time when China produces the majority of batteries for electric vehicles and the Treasury Department has noted a high level of Chinese control over critical mineral processing globally.