New Global Energy Dialogue: Green Stimulus Proposals in the United States and China
August 07, 2020
The COVID-19 pandemic has had dramatic economic impacts around the world, including in the United States and China. During the second quarter of 2020, the United States had its largest quarterly drop in GDP on record. During the first quarter of 2020, China had its first quarterly drop in GDP in more than 40 years.
Governments in both countries have responded with a range of economic stimulus measures. In both countries, there is growing dialogue about "green stimulus" -- measures that would stimulate the economy while promoting clean energy, responding to climate change and protecting the environment more broadly.
On June 14, 2020 New York time and June 15, 2020 Beijing time, Columbia Global Centers | Beijing supported a virtual workshop on green stimulus programs in the U.S. and China hosted by the Center on Global Energy Policy at Columbia University and the Center for International Energy and Environment Strategy Studies at Renmin University. The workshop offered a chance for scholars from the two universities to explore the downturn, along with stimulus measures adopted to date and green stimulus proposals in both countries. Participants also discussed other measures to promote clean energy and low-carbon development in the U.S. and China.