Abstract: Trump's new energy policy,which includes an increase in the supply and production of shale oil and gas and the revitalization of the coal industry,is an attempt to achieve energy independence by lifting restrictions on fossil energy production. Meanwhile,international oil prices are expected to remain low for three to five years,and global coal prices will remain reduced for the foreseeable future. The implementation of the new energy policy is beneficial to the realization of diversified oil and gas imports in China and will accelerate the reduction of excess capacity in China's coal industry. There will be more space for cooperation in the field of clean coal technology between China and the United States. At the same time, this policy will make it more difficult to overcome the global threat of climate change. Though cooperation between China and the United States with respect to advocating a low-carbon economy and combating climate change is adversely affected,it is difficult to reverse the trend of green,low-carbon development. Accordingly,China will further increase crude oil reserves, accelerate the reduction of excess capacity in the coal industry,and actively promote the“Belt and Road Initiatives”energy cooperation while continuing to advocate for the Paris Agreement.

Key words: Trump's new energy policy, energy cooperation, shale gas production, clean coal technology, Paris Agreement