Biden’s Economic Picks Expect To Bring Treasury’s Tools To Climate Policy

Treasury Secretary-designate Janet Yellen and other top Biden economic picks say they will be working with the incoming administration’s National Security Council to re-establish U.S. leadership in addressing climate change, with the department leveraging such tools as sanctioning bad actors and encouraging foreign clean-energy investments. Speaking at a Dec. 1 press conference with President-elect Joe Biden and the rest of his economic team, Yellen echoed Biden’s commitment to “address the climate crisis with American ingenuity and American jobs,” describing her...