Climate Investment in China and the United States: Political, Monetary and Technological Drivers

Abstract

China and the United States have seen expeditious investment growth in renewable energy and climate-related industries. Due to differences in political environments and governance structures, monetary settings, and prevailing market technologies and geographic conditions, the two countries demonstrate varied strengths and weaknesses in promoting climate investment. Both countries can learn from each other’s distinctive strengths and weaknesses to identify potential opportunities both for domestic climate programmes and energy cooperation to jointly pursue pathways to achieve net zero carbon footprints.