The U.S. is on track to hit ambitious emissions-reduction goals following recent climate legislation that encourages investment in green technology, Treasury Secretary Janet Yellen will say in a speech in Detroit on Thursday.
The law, signed by President Joe Biden on Aug. 16, “represents the largest investment in fighting climate change in our country’s history,” Yellen will say, according to an excerpt provided to Bloomberg News.
“It will put us well on our way toward a future where we depend on the wind, sun and other clean sources for our energy,” she plans to say. “We will rid ourselves from our current dependence on fossil fuels and the whims of autocrats like Putin,” she said, referring to the Russian president.
