How Is the Coronavirus Pandemic Affecting Climate Change?
4 years, 8 months ago

How Is the Coronavirus Pandemic Affecting Climate Change?

Wired  

It is an invisible, deadly menace. But Not for Long Back in February, an analysis by the climate group Carbon Brief found that as the pandemic seized hold of China’s economy and heavy industries shuttered, emissions from the country plummeted by an incredible 25 percent. That figure may seem low, given that fewer cars are on roads and industries have stalled, but with context, it’s stunning: Until now, emissions have been reliably increasing by a few percent year after year. That’s happening even though the world’s nations pledged to individually reduce their emissions as part of the Paris Agreement, with the ultimate goal of keeping warming below 2 degrees Celsius above pre-industrial global temperatures. “So instead of commercial buildings being leaned on a little more heavily between 9 and 5, we’re at home using energy.” This might offer a clue to why the emissions reductions worldwide are so much smaller than the 25 percent reduction scientists saw in China’s emissions earlier this year.

China Climate Emissions Gurney Expect Economies  energy  gurney  chinas  emissions  expect  economies  industries  pandemic  change  nations  affecting  given  climate  coronavirus

History of this topic

A Lost Decade: Decoding the cost of Covid-19 pandemic
4 years, 2 months ago

A Lost Decade: Decoding the cost of Covid-19 pandemic

India Today  

A decade after facing the worst financial crisis since the Great Depression in the 1930s, the world has again stumbled upon an unprecedented economic challenge due to a microscopic virus. Citing International Labour Organisation estimates, the UNCTAD report indicated that the pandemic has put jobs of more than 500 million people in jeopardy, mainly in the developing world. In what …

‘Only a crisis produces real change.’ What will coronavirus bring?
4 years, 2 months ago

‘Only a crisis produces real change.’ What will coronavirus bring?

The Independent  

There is no magic money tree,” former prime minister Theresa May smugly proclaimed in her 2017 election campaign. The prospect of reconsidering the global distribution of wealth has suddenly shifted from former US president Barack Obama’s “hope” to his “yes we can” attitude. Even Donald Trump’s “make America great again” mantra is largely focused on the economy, with GDP being …

Downturn from pandemic offers path to green, climate resilient economies: IMF
4 years, 3 months ago

Downturn from pandemic offers path to green, climate resilient economies: IMF

Firstpost  

A fiscal stimulus could be an opportunity to boost green and resilient public infrastructure, the IMF said. The global downturn caused by the coronavirus pandemic offers an opportunity for governments to implement new policies that could simultaneously address climate change and boost the economy, the International Monetary Fund said on Wednesday, 7 October. The right mix of carbon taxes to …

This is what awaits the global economy after the pandemic (opinion)
4 years, 5 months ago

This is what awaits the global economy after the pandemic (opinion)

CNN  

Editor’s Note: This article was originally published in its entirety in the International Monetary Fund’s summer 2020 issue of Finance & Development Magazine. The first trend is deglobalization; the logistic difficulties brought to light by the current crisis are already pointing to a shift away from global just-in-time supply chains. Yet as economic difficulties mount, the inevitable growth of nationalism …

Coronavirus Will Leave Lasting Scars On Global Economy; Emerging Markets & Developing Economies To Be Worst Hit: World Bank
4 years, 7 months ago

Coronavirus Will Leave Lasting Scars On Global Economy; Emerging Markets & Developing Economies To Be Worst Hit: World Bank

ABP News  

New Delhi: The World Bank has said that the Coronavirus pandemic and strict lockdown measures taken to contain its transmission will leave a lasting effect on the global economy particularly the emerging market and developing economies, in its analysis of the situation. World Bank Group President David Malpass emphasised the need for comprehensive policies and indicated that 60 million people …

Economic hit from coronavirus will be limited, NDRC head says
4 years, 7 months ago

Economic hit from coronavirus will be limited, NDRC head says

China Daily  

He Lifeng, head of the National Development and Reform Commission is interviewed via video link after the opening of the third session of the 13th National People's Congress at the Great Hall of the People in Beijing, capital of China, May 22, 2020. China has the ability to cope with the various risks and challenges amid the COVID-19 outbreak, and …

A moment of reckoning – when coronavirus meets climate change
4 years, 7 months ago

A moment of reckoning – when coronavirus meets climate change

Al Jazeera  

Cyclones in the Pacific and pandemics tell us a lot about global inequality and highlight our futile pursuit of profit. The economic toll from Cyclone Harold and the response to the coronavirus pandemic to Pacific economies is yet to be determined, but they have for sure rolled backed significant economic gains in these countries. Oxfam’s report on the potential economic …

Oil demand may never return to peak hit before pandemic
4 years, 8 months ago

Oil demand may never return to peak hit before pandemic

CNN  

London CNN Business — The world is learning to live with less oil. Before the pandemic, analysts predicted that the peak in oil demand would occur around 2040 due to the rise of electric cars, increased energy efficiency and a switch to alternative sources. The International Energy Agency expects global oil demand to fall by a record 9.3 million barrels …

After coronavirus, let’s choose carefully which sectors we want to regrow – and which to let go of
4 years, 8 months ago

After coronavirus, let’s choose carefully which sectors we want to regrow – and which to let go of

The Independent  

As the government announced that lockdown restrictions would continue for at least another three weeks, the Office of Budget Responsibility, the Treasury’s official forecaster, made a bleak prediction. The explosion of mutual aid groups and public demonstrations of support for key workers emphasises this reorientation of our collective priorities away from consumption for consumption’s sake, and towards caring, green and …

Why The Solutions To Coronavirus And Climate Change Are The Same
4 years, 8 months ago

Why The Solutions To Coronavirus And Climate Change Are The Same

Huff Post  

LOADING ERROR LOADING The global spread of the coronavirus is intricately intertwined with the climate crisis. HuffPost spoke to Bernstein, an expert on the health impacts of climate change, about how the very actions that could slow climate destruction could also make us healthier, so we can better withstand the next pandemic — or even prevent it from emerging. We …

Coronavirus Will ‘Absolutely’ Make Inequality Worse. But We Can Change That.
4 years, 9 months ago

Coronavirus Will ‘Absolutely’ Make Inequality Worse. But We Can Change That.

Huff Post  

LOADING ERROR LOADING Inequality is nothing new in America, but the coronavirus pandemic has ruthlessly laid bare just how fractured our society is. “Some people are just treating this, at least so far, as some sort of mild vacation, and others are in an existential crisis.” - Nate Hagens Economics expert and former Lehman Brothers executive Nate Hagens calls this …

Coronanomics: Eight things we've learnt about how coronavirus will change the economy
4 years, 9 months ago

Coronanomics: Eight things we've learnt about how coronavirus will change the economy

ABC  

This is the biggest global health pandemic in just over a century — since the Spanish flu outbreak of 1918, just after the World War 1. Treasurer Josh Frydenberg has already announced sweeping changes to Australia's Foreign Investment Review Board guidelines that will mean all foreign direct investment bids will be scrutinised with the threshold abolished. Now the Federal Government …

How will coronavirus change the world?
4 years, 9 months ago

How will coronavirus change the world?

BBC  

How will coronavirus change the world? Getty Images The way we do business and interact could be fundamentally changed by Covid-19 From an economic perspective, there are four possible futures: a descent into barbarism, a robust state capitalism, a radical state socialism, and a transformation into a big society built on mutual aid. People are compelled to work pointless jobs …

The coronavirus outbreak is part of the climate change crisis
4 years, 9 months ago

The coronavirus outbreak is part of the climate change crisis

Al Jazeera  

Therefore, climate action should be central to our response to the COVID-19 pandemic. These sweeping and unprecedented measures taken by the government and international institutions could not but make some of us wonder about another global emergency that needs urgent action – climate change. In fact, one may argue that the pandemic is part of climate change and therefore, our …

Here’s what a coronavirus-like response to the climate crisis would look like
4 years, 9 months ago

Here’s what a coronavirus-like response to the climate crisis would look like

LA Times  

Environmental factors including deforestation, air pollution and urbanization contribute to the severity of pandemics like COVID-19. “We can’t really solve the climate crisis without having support for people’s healthcare, and support for people being able to survive wage-wise and job-wise,” she said. And whether it’s disease prevention or climate change, Skelton said, “the gross amount of money spent, and the …

Here’s Why We’ll Never Treat The Climate Crisis With The Same Urgency As The Coronavirus
4 years, 9 months ago

Here’s Why We’ll Never Treat The Climate Crisis With The Same Urgency As The Coronavirus

Huff Post  

LOADING ERROR LOADING The vast majority of climate stories these days are various takes on how to view the issue through the lens of the coronavirus and vice versa. Time magazine cautions that coronavirus gives us a window into pandemics that catastrophic climate change will bring, except they’ll likely come alongside extreme weather events, too. “Comparing coronavirus to climate change …

Could the coronavirus crisis help tackle income inequality?
4 years, 9 months ago

Could the coronavirus crisis help tackle income inequality?

Al Jazeera  

A crisis brings pain but also opportunities to push through reforms to make the economy start working for more people. But profound upheavals like the one we are experiencing now also create unprecedented opportunities to remedy distortions in the eco-economic system – imbalances that have fuelled rising wealth and income inequality. Meanwhile, up on Capitol Hill, US lawmakers passed a …

Coronavirus must make Boris Johnson wake up – real people, not abstract ‘growth’, must be our economic priority
4 years, 9 months ago

Coronavirus must make Boris Johnson wake up – real people, not abstract ‘growth’, must be our economic priority

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The stimulus announced by the government …

The world is coming together to fight coronavirus. It can do the same for the climate crisis
4 years, 9 months ago

The world is coming together to fight coronavirus. It can do the same for the climate crisis

CNN  

Editor’s Note: This story was originally published on March 18 and has been updated to reflect the latest numbers on confirmed coronavirus cases and deaths from Johns Hopkins University’s Coronavirus Resource Center. CNN — While the coronavirus pandemic and climate change are inherently different issues, they share two important characteristics: both are global crises that threaten the lives of millions …

Coronavirus pandemic: How the world has dealt with Covid-19, could it have done better?
4 years, 9 months ago

Coronavirus pandemic: How the world has dealt with Covid-19, could it have done better?

India Today  

It looks like a world war against a virus. The government said more than 27,000 people were not allowed to land in India at sea ports as the paths of the ships had crossed coronavirus affected countries. For first two months -- now the first victims of novel coronavirus have been traced back to November 2019 against previously set starting …

Economic paralysis: Coronavirus slams brakes on China economy
4 years, 9 months ago

Economic paralysis: Coronavirus slams brakes on China economy

Al Jazeera  

Everyone knew the coronavirus outbreak was hurting China’s economy. Urban investment and retail sales also fell sharply for the first time on record, reinforcing views that the epidemic may have cut China’s economic growth in half in the first quarter. Industrial output fell by a much worse-than-expected 13.5 percent in January-February from the same period a year earlier, the weakest …

Why We Panic About The Coronavirus But Not About The Climate Crisis
4 years, 9 months ago

Why We Panic About The Coronavirus But Not About The Climate Crisis

Huff Post  

LOADING ERROR LOADING We face two global crises. We spoke to six experts in climate change to try to understand why people cannot muster the kind of strong and wide-reaching action for the environment that they can for the coronavirus. Lise Van Susteren Lise Van Susteren Lise Van Susteren, a Washington, D.C., psychiatrist with a special interest in the psychological …

The coronavirus will slam the brakes on California’s economic growth, study says
4 years, 9 months ago

The coronavirus will slam the brakes on California’s economic growth, study says

LA Times  

California’s economic growth will slow this year as unemployment rises and job creation weakens as a result of the coronavirus outbreak, according to a UCLA forecast released Thursday. “Prior to the outbreak of the COVID-19 epidemic we were optimistic about the California economy,” wrote Jerry Nickelsburg, director of the Anderson School of Management forecast, noting that unemployment in December stood …

Coronavirus is curbing carbon emissions
4 years, 9 months ago

Coronavirus is curbing carbon emissions

Al Jazeera  

COVID-19 is slowing economies and emissions, and experts say greener criteria could help avert future outbreaks. Regardless of how climate change might impact the dissemination of the coronavirus droplets, the disease is temporarily reducing carbon emissions in China and elsewhere as many factories remain shuttered and fuel consumption goes down. “The most immediate impact of coronavirus is falls in economic …

Two economic scenarios for the impact of coronavirus on the US (opinion)
4 years, 10 months ago

Two economic scenarios for the impact of coronavirus on the US (opinion)

CNN  

Editor’s Note: Gad Levanon is a vice president at The Conference Board, where he heads the Labor Markets Institute. Then, starting in May or June, if the virus-related fear subsides, the US economy could enjoy a bounce-back, as consumers resume their typical spending behavior and businesses fix their supply chains and resume production at normal capacity. If consumers and businesses …

Coronavirus outbreak causes decline in China greenhouse gas emissions
4 years, 10 months ago

Coronavirus outbreak causes decline in China greenhouse gas emissions

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Experts say greenhouse gas emissions in China, the world’s largest current contributor to climate change, are down 25 per …

Virus ripples through travel, energy, financial markets
4 years, 10 months ago

Virus ripples through travel, energy, financial markets

Associated Press  

The economic affects of the coronavirus have preceded the spread of the virus itself, with financial markets swinging wildly, companies closing offices or asking employees work from home in affected areas, and throttling air travel across the globe. ADRIFT: The Centers for Disease Control and Prevention is investigating a “small cluster” of patients with the new coronavirus in Northern California …

Coronavirus will hurt the global economy — but how do you model the cost? An economist explains
4 years, 10 months ago

Coronavirus will hurt the global economy — but how do you model the cost? An economist explains

ABC  

The human cost of coronavirus is stark — more than 3,000 deaths, tens of thousands of people testing positive, more still worried about the threat of a pandemic. The model helps Dr McKibbin work out what happens next: How people's behaviour changes What happens to demand and supply How governments and central banks respond "You look at all the empirical …

Viral economies: The Hindu Editorial on coronavirus impact on global economy
4 years, 10 months ago

Viral economies: The Hindu Editorial on coronavirus impact on global economy

The Hindu  

The global economy appears headed for uncharted, troubled territory thanks to the second wave of the coronavirus that has now spread to countries as far apart as Nigeria and New Zealand. The virus has crippled global supply chains, hit air travel and convulsed markets as it appears all set to adversely impact the U.S. economy, the global economic engine. A …

Coronavirus effect on world economy grows more alarming
4 years, 10 months ago

Coronavirus effect on world economy grows more alarming

India Today  

Concerns about the coronavirus outbreak's threat to the world economy grew Saturday, even after President Donald Trump denounced criticism of his response to the threat as a "hoax" cooked up by his political enemies. Trump accused Democrats of "politicizing" the coronavirus threat and boasted about preventive steps he's ordered in an attempt to keep the virus from spreading across the …

The coronavirus is already hurting the world economy. Here’s why it could get really scary
4 years, 11 months ago

The coronavirus is already hurting the world economy. Here’s why it could get really scary

CNN  

London CNN Business — Nearly two decades have passed since a coronavirus known as SARS emerged in China, killing hundreds of people and sparking panic that sent a chill through the global economy. Car plants across China have been ordered to remain closed following the Lunar New Year holiday, preventing global automakers Volkswagen, Toyota, Daimler, General Motors, Renault, Honda and …

Coronavirus fear spreads easily and it could fuel an economic as well as health emergency
4 years, 11 months ago

Coronavirus fear spreads easily and it could fuel an economic as well as health emergency

ABC  

One way to count the cost of the Wuhan coronavirus is by how many people catch it, and then how many die. This means the Wuhan outbreak could directly affect relatively few people, compared to past pandemics, yet still pack an intense punch in a more interconnected global economy. But they are becoming more common with closer proximity between wild …

Coronavirus hasn’t devastated the global economy yet – but it could if it’s not contained soon
4 years, 11 months ago

Coronavirus hasn’t devastated the global economy yet – but it could if it’s not contained soon

The Independent  

How grave is the likely impact of coronavirus on the world economy? The loss in Hong Kong was equivalent to 2.6 per cent of GDP; in the rest of China a little over 1 per cent. In 2003, its GDP was some $1.6 trillion, a bit bigger than Italy but smaller than France or the UK, accounting for about 3 …

Discover Related