meta_pixel
Tapesearch Logo
Log in
Climate One

COVID-19 and Climate: Economic Impacts

Climate One

Climate One

News, News Commentary, Science, Earth Sciences, Social Sciences

4.7583 Ratings

🗓️ 1 May 2020

⏱️ 52 minutes

🧾️ Download transcript

Summary

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

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Shopify. With Shopify, 2026 is the year you make it happen. It gives you the tools to build your dream store, online and in person. Plus with marketing built in, it'll help you reach exactly who you need to. Join the millions who've already made the leap, like Jim Shark and all birds, and ring in the new year with Shopify.

0:23.4

Sign up for your £1 per month trial at Shopify.com.uk.

0:27.7

com.com.

0:29.8

How deep and how long will the COVID recession be?

0:35.5

And how can we build a more resilient economy in its wake?

0:39.1

Climate One Conversations feature oil companies and environmentalists, Republicans and Democrats,

0:44.4

the exciting and the scary aspects of the climate challenge. I'm Greg Dalton.

0:49.7

The economic collapse caused by the COVID-19 pandemic has shattered many records, and it's still unfolding.

0:56.3

This crisis has served to expose some of the vulnerabilities of the economy, and one of those is that we have such a large number of people living from check to check.

1:05.8

Kathleen Day is a finance lecture at Johns Hopkins University and author of the recent book, Broken Bargain,

1:11.3

Banks, Bailouts, and the struggle to tame Wall Street. The people most at risk in a shuttered

1:17.0

economy are often the same people who are most vulnerable to the impacts of climate change.

1:21.7

In the near term, we're all focused on defeating the virus, but business leaders are now

1:26.2

beginning to figure out how do we come back.

1:27.8

And our view is quite clearly that we can come back both cleaner and importantly more resilient.

1:33.3

Matt Rogers is a senior partner at McKinsey & Company and co-author of a recent report

1:37.9

addressing climate in a post-pandemic world.

1:40.4

The usual economic spark plugs like cheap energy aren't providing the boost they normally do,

1:46.1

but that opens a chance to think differently about coming out of this economic crisis.

1:50.4

We have a really unusual opportunity now to reevaluate when we need to transport ourselves and when we don't.

1:57.5

Amy Jaffe is director of the program on energy, security, and climate change at the

2:01.8

Council on Foreign Relations in New York. All three of these experts joined us from their respective

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Climate One, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Climate One and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.