Analysis
The quoted passage appears verbatim in the transcript of Yellen’s remarks at the COP26 summit, confirming she made the claim. However, the assertion that the transition will create “millions” of good‑paying jobs is based on projections rather than documented outcomes, and other analyses note potential job losses in fossil‑fuel sectors that could offset gains. Thus the statement is partially accurate regarding her remarks but overstates the certainty of the economic impact.
Background
At COP26 in Glasgow (November 2021), U.S. Treasury Secretary Janet Yellen highlighted climate policy as an economic opportunity, echoing broader governmental narratives about a green job boom. Estimates from agencies such as the International Energy Agency and BloombergNEF suggest the transition could generate millions of jobs, but these are contingent on policy implementation and do not guarantee net gains across the entire economy.
Verdict summary
Yellen made the statement, but the claim that the net‑zero path will definitively create “millions of good‑paying jobs” is speculative and not yet proven.