COVID-19 and Climate: Economic Impacts

The COVID-19 recession is unfolding at historic speed and depth. New jobless claims reached a record 10 million in just two weeks. Wall Street’s fear gauge closed at an all-time high in mid-March. Environmentally, though, the shutdown has come with some temporary benefits — decreased travel, cleaner water, a plunging demand for oil. But crashing the economy isn’t exactly a climate solution. How will the coronavirus recession reshape the economy and prospects for addressing climate in a post-pandemic world? How does this economic crisis compare to others in history? Visit climateone.org/watch-and-listen/podcasts for more information on today's episode. Guests: Kathleen Day, Finance Lecturer, Johns Hopkins University; Author, Broken Bargain: Banks, Bailouts, and the Struggle to Tame Wall Street Amy Myers Jaffe, Director, Energy Security and Climate Change Program, Council on Foreign Relations Matt Rogers, Senior Partner, McKinsey & Company Additional interviews: Shubhayu Saha, Health Scientist, Climate and Health Program at the Centers for Disease Control and Prevention (CDC) Phil Ting, California State Assembly Member This program was recorded at the Commonwealth Club in San Francisco on April 15, 2020. Learn more about your ad choices. Visit megaphone.fm/adchoices


by Climate One