Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee of Global Studies at Boston University, published a recent Op-Ed on the upcoming meetings of the International Monetary Fund (IMF) and World Bank as well as China’s emerging leadership on green energy.
Gallagher’s Op-Ed, entitled “As the US Retreats, China Is Taking the Lead on Green Energy,” was published in The Globalist on April 19, 2017.
From the text of the Op-Ed:
Finance ministers from across the world will converge on Washington this week for the annual meetings of the World Bank and IMF.
At last year’s annual meetings, these ministers pledged to commit more of their balance sheets to financing global energy and infrastructure — and to do so in a manner that helps combat global climate change.
What a difference a year makes. The United States is no longer led by President Obama. His commitment to combatting climate change has been both ridiculed and abandoned by “let’s go for coal” Donald Trump.
Little surprise then that just as the meetings are about to start, President Trump has trashed the U.S.’ clean power plan and slashed the U.S. budget for the World Bank by $650 million.
Kevin P. Gallagher is a professor of global development policy at Boston University, where he co-directs the Global Economic Governance Initiative (GEGI). GEGI’s mission is to advance policy relevant research on governance for financial stability, human development, and the environment on a global scale. You can follow him on Twitter @KevinPGallagher.