{"id":24073,"date":"2023-04-19T12:13:32","date_gmt":"2023-04-19T16:13:32","guid":{"rendered":"https:\/\/www.bu.edu\/gdp\/?p=24073"},"modified":"2024-05-28T16:30:19","modified_gmt":"2024-05-28T20:30:19","slug":"opportunities-for-us-china-engagement-on-development-finance-for-overseas-renewable-energy","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/gdp\/2023\/04\/19\/opportunities-for-us-china-engagement-on-development-finance-for-overseas-renewable-energy\/","title":{"rendered":"Opportunities for US-China Engagement on Development Finance for Overseas Renewable Energy"},"content":{"rendered":"
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Photo by Sander Weeteling via Unsplash.<\/figcaption><\/figure>\n

A dramatic scaling of renewable energy (RE) is needed to achieve global climate goals, particularly in the Global South.\u00a0<\/span><\/p>\n

However, increasing geopolitical tensions between the United States and China have spilled over into the realm of climate cooperation, stymying collaboration and climate action. Time is of the essence for finding ways to leverage American and Chinese financing to accelerate and expand RE investment in the Global South.<\/span><\/p>\n

Given the central roles that China and the US play in RE deployment and finance globally, how can China and the US expand their engagement and cooperation to support the development of RE in the Global South?<\/span><\/p>\n

A new journal article<\/strong><\/em><\/a> published in Energy and Climate Management<\/em>, <\/span>Joanna Lewis and <\/span>Cecilia Springer<\/span><\/a> argues that US-China coordination and cooperation could increase resources available for RE development in developing countries through multilateral, bilateral and triangular engagement. Their analysis finds that the greatest gains for the climate can be had from the initiatives that require close cooperation and engagement, which underscores the importance of US-China engagement abroad.<\/span><\/p>\n

Main findings:\u00a0<\/b><\/h5>\n