The United States and China, as the world’s two largest economies and carbon emitters, have an opportunity to accelerate financing for low-carbon technologies, particularly in developing countries. One promising mechanism for action is climate finance; nevertheless, experts estimate an annual shortfall of $850 billion in climate-related financing in developing markets, which need it most.

 

In an interview conducted on April 6, 2022, Kelly Sims Gallagher discusses the importance of U.S.-China cooperation in accelerating global climate finance.