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? A conversation with Kathleen Day, finance lecturer at Johns Hopkins University and author of Broken Bargain: Banks, Bailouts, and the Struggle to Tame Wall Street, Amy Jaffe, senior fellow at the Council on Foreign Relations, and Matt Rogers, senior partner at McKinsey & Company.