Present and future impact of COVID-19 in the renewable energy sector: a case study on India

Pradhan, Sujit Kumar; Ghose, Dipanjan; Shabbiruddin,

doi:10.1080/15567036.2020.1801902

Cited by 49 publications

(34 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They observe risk spillovers from conventional energy to the renewable energy stock market. Pradhan et al [39] indicate that an amalgamation of the novel coronavirus pandemic's effects on the global economy and oil prices fluctuation resulting from country-wide lockdowns worldwide triggered its impact on the alternative energy industry. Eroglu [40] observes that the COVID-19 outbreak caused severe problems in the renewable energy sector, such as delays and breaks in the supply chain, tax stock market difficulties, and the risk of not benefiting from government incentives and support in 2020.…”

Section: Introductionmentioning

confidence: 99%

Is the Alternative Energy Sector COVID-19 Resistant? Comparison with the Conventional Energy Sector: Markov-Switching Model Analysis of Stock Market Indices of Energy Companies

Czech

Wielechowski

2021

Energies

View full text Add to dashboard Cite

The outbreak and rapid spread of the COVID-19 pandemic has hit the global financial markets, including the energy sector. Alternative energy belongs to the economy’s key sectors concerning environmental issues and seems to be a full-fledged alternative for fossil-based conventional energy. This paper aims to assess the impact of COVID-19 on the stock market indices related to the alternative and conventional energy sector. We use daily data on the Morgan Stanley Capital International (MSCI) Global Alternative Energy Index, the MSCI All Country World Index (ACWI) Energy Index, and self-developed Average-49 COVID-19 New Cases Index and Average-49 Stringency Index. The research covers the period January–October 2020. The average level of the MSCI Global Alternative Energy Index in COVID-19 year was more than a quarter higher than in 2019 while the MSCI ACWI Energy fell almost one-third in the same period. Based on the Markov-switching model, we show that both the MSCI Global Alternative Energy and the MSCI ACWI Energy are not significantly affected by the epidemic status. The analysed indices decline as the government anti-COVID-19 policy becomes more stringent, but the relationship is statistically significant only in the high-volatility regime. In comparison to the conventional energy index, we reveal that the alternative energy index stays most of its time in the low-volatility regime without being adversely and significantly affected by the COVID-19 related indicators. Our study shows that the alternative energy sector, represented by the MSCI Global Alternative Energy Index, seems to be more resistant to COVID-19 than the conventional energy sector. It might imply that the novel coronavirus pandemic has not depreciated but emphasised the growing concern about climate change and environmental pollution.

show abstract

Section: Introductionmentioning

confidence: 99%

Is the Alternative Energy Sector COVID-19 Resistant? Comparison with the Conventional Energy Sector: Markov-Switching Model Analysis of Stock Market Indices of Energy Companies

Czech

Wielechowski

2021

Energies

View full text Add to dashboard Cite

show abstract

“…With the development of industry and technology, the essentialness of renewable energy, which has become indispensable in today’s society, has been confirmed once again in the COVID-19 (Castán Broto and Kirshner 2020 ; Hosseini 2020 ; Pradhan et al 2020 ) pandemic period. While energy is a strategic power that all countries firmly embrace, the world is entering a new era in which the cross-border mobility of energy may decrease.…”

Section: Discussionmentioning

confidence: 99%

Which renewable energy consumption is more efficient by fuzzy EDAS method based on PESTLE dimensions?

Demirtaş

Derindağ

Zarali

et al. 2021

Environ Sci Pollut Res

View full text Add to dashboard Cite

The facilities that energy delivers to social life and economic activities render it indispensable. Hence, it is equally critical that the energy cycle must have a sustainable structure. Therefore, it is an indisputable fact that developing and performing correct and consistent energy policies is vitally necessary. Energy consumption planning includes a continuous process to reassess existing and potential alternative energy approaches and strategies. The public and private decision-makers in charge of planning and managing energy consumption policies must adapt their strategies to novel and superior alternative resources according to sustainability and efficiency criteria. In this paper, the fuzzy EDAS method is used to address the best renewable energy consumption by taking political, economic, social, technological, legal, and environmental (PESTLE) dimensions into account. The analysis of the paper indicates the most efficient renewable energy consumption is sourced by geothermal, solar, wind, hydroelectricity, and biomass, respectively. By further investigation, it is concluded that the most optimum renewable energy consumption alternatives based on PESTLE dimensions are geothermal and solar energies.

show abstract

“…Today, IoT includes more than one trillion or more connected devices globally, spanning all sectors and industries and providing an effective convergence between the digital and physical worlds. The expected long-term impact of pandemic will be increased reliance in all avenues of life like health sector, businesses, education sector, banking, and state workingetc.Moreover, the IoT analytics and digital devices will continue to maintain higher levels of digitalization even after the pandemic retreats like an increasing demand for interactive health care digital portals with online services has reported 500-600% increase in telehealth usage at present (BBC Future 2020), (Ozili 2020) . So, it's very likely that an increase trend inmedium-to-high consumer demand for telehealth and virtual consultations will increase reliance on IoT in future.…”

Section: Changes İn Field Of Technologymentioning

confidence: 99%

How The World Wıll Be In Future After Covıd-19 Pandemıc?

Ahmed

Ali²,

Hashmi³

2021

the int. jou. soc. hum. inve,

View full text Add to dashboard Cite

Pandemics are the global outbreaks of infectious disease which widespread human-to-human infection. In past, many significant pandemics like Spanish flu, Ebola, SARS, Hong Kong Flu, Zika were reported. The pandemic related crises affect all avenue of life and have been associated with enormous negative impacts on economy, industries, environment, health, social life, national and global security along with significant social and political disruption. This article will explore the effects of pandemic in future by providing a key feature summary with consequent discussion on the expected impacts of COVID pandemic on global economy, social life, global health system, trade, travel, education, food, different industries, global security, and developing trends in future.

show abstract

Present and future impact of COVID-19 in the renewable energy sector: a case study on India

Cited by 49 publications

References 11 publications

Is the Alternative Energy Sector COVID-19 Resistant? Comparison with the Conventional Energy Sector: Markov-Switching Model Analysis of Stock Market Indices of Energy Companies

Is the Alternative Energy Sector COVID-19 Resistant? Comparison with the Conventional Energy Sector: Markov-Switching Model Analysis of Stock Market Indices of Energy Companies

Which renewable energy consumption is more efficient by fuzzy EDAS method based on PESTLE dimensions?

How The World Wıll Be In Future After Covıd-19 Pandemıc?

Contact Info

Product

Resources

About