Preventing a rebound in carbon intensity post-COVID-19 – lessons learned from the change in carbon intensity before and after the 2008 financial crisis

Wang, Qiang; Wang, Shasha; Jiang, Xue-Ting

doi:10.1016/j.spc.2021.04.024

Cited by 56 publications

(33 citation statements)

References 48 publications

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“…Cities with moderate economic development also have high carbon emissions, because they have the basic conditions for industrial development (Shao and Wang, 2021 ). Analysis of the data shows that industrial carbon emissions are the main industry in the country (Wang et al, 2021a ). Furthermore, the level of carbon emissions during the pandemic is geographically blocky, especially for similar areas such as development at the economic level and industrial structure.…”

Section: Discussionmentioning

confidence: 99%

Difference and Cluster Analysis on the Carbon Dioxide Emissions in China During COVID-19 Lockdown via a Complex Network Model

Chen

Zhu

et al. 2022

Front. Psychol.

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The continuous increase of carbon emissions is a serious challenge all over the world, and many countries are striving to solve this problem. Since 2020, a widespread lockdown in the country to prevent the spread of COVID-19 escalated, severely restricting the movement of people and unnecessary economic activities, which unexpectedly reduced carbon emissions. This paper aims to analyze the carbon emissions data of 30 provinces in the 2020 and provide references for reducing emissions with epidemic lockdown measures. Based on the method of time series visualization, we transform the time series data into complex networks to find out the hidden information in these data. We found that the lockdown would bring about a short-term decrease in carbon emissions, and most provinces have a short time point of impact, which is closely related to the level of economic development and industrial structure. The current results provide some insights into the evolution of carbon emissions under COVID-19 blockade measures and valuable insights into energy conservation and response to the energy crisis in the post-epidemic era.

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Section: Discussionmentioning

confidence: 99%

Difference and Cluster Analysis on the Carbon Dioxide Emissions in China During COVID-19 Lockdown via a Complex Network Model

Chen

Zhu

et al. 2022

Front. Psychol.

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“…Although this data is promising, the indications thus far suggest that the reduction of greenhouse gas emissions because of COVID-19 is transient [ 56 ], and there is even a possibility of a carbon emission rebound. Wang et al (2021) [ 57 ] stated that the existing studies of the decomposition of the carbon emission rebound after the 2008 financial crisis showed that, due to the impact of the global financial crisis, global carbon emission decreased by 1.19% in 2007–2009. However, global carbon emission rebounded violently in all industries in 2009–2010, reaching a far higher increase rate of 6.4%.…”

Section: Reduction In Electricity Demand and Change In Consumption Patternsmentioning

confidence: 99%

“…They reported a notable reduction of all air quality indicators in 2020 in Lille (France), while Lisbon (Portugal) and Utrecht (the Netherlands) experienced a rebound effect in May 2020. Thus, although the financial crisis resulting from COVID-19 has different causes and consequences than the 2008 financial crisis, it is urgent to learn from the past and avoid or slow down the possible rebound effect [ 57 ].…”

Section: Reduction In Electricity Demand and Change In Consumption Patternsmentioning

confidence: 99%

An impact study of COVID-19 on the electricity sector: A comprehensive literature review and Ibero-American survey

Lazo

Aguirre

Watts

2022

Renewable and Sustainable Energy Reviews

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To stop the spread of COVID-19, governments have implemented confinement measures unprecedented in modern society. One of the main consequences has been the paralysis of commercial and industrial sectors worldwide, primary electricity consumers. This paper examines the impact of these measures on the electricity sector through a literature review accompanied by fieldwork on the impact of COVID-19 in Ibero-America and its energy regulatory response. First, we will review the causes of the reduction in electricity demand due to the confinement measures and their technical and financial consequences in the electricity sector. Second, we will examine the impact of COVID-19 on the wind and solar PV energy sectors, mainly affected by the paralysis of production and export of materials and components. Third, we will revise the regulatory measures implemented by the countries to avoid the interruption of electricity supply to households. This paper will end by reviewing economic recovery plans and their relationship to the energy transition. Although there are no fundamental differences between developed and developing countries in their regulatory reaction to this crisis in the energy sector, there are significant differences in economic recovery planning. While developed countries aim for a green economic recovery and the creation of green jobs, developing countries are allocating least resources to social protection and general economic stimulus programs, postponing climate objectives. In Latin America, this adds to the high levels of debt faced by utilities and the possible resurgence of social crises that were stopped by the COVID-19 outbreak, making a green recovery even more difficult.

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“…The 2008 Great Recession shares similarities with the COVID-19 pandemic in terms of debt accumulation and CO 2 emission changes. Therefore, by examining the nexus between debt and CO 2 emissions that is based on the empirical analysis from the previous crisis and learning relevant experience, it will offer decision-makers policy implications on how to reduce emissions after this pandemic from the debt perspective [18,19].…”

Section: Introductionmentioning

confidence: 99%

Drivers of CO2 Emissions: A Debt Perspective

Zhao

Liu

2022

IJERPH

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CO2 emissions and debt accumulation are twin threats to sustainable development. To fill the gap that few studies can untangle the reasons behind CO2 emissions from the debt perspective, we illustrate debt can cause CO2 emissions through various channels. We then examined how debt-based drivers impact emission trajectories. We use the logarithmic mean Divisia index (LMDI) method to decompose the emission changes into five factors. We make decomposition analyses between different country groups to identify their respective characteristics. Further, to investigate the potential financial crisis impacts, we consider the full period 2001–2019 and two sub-periods (pre- and post-2008). The results show that the gross domestic product (GDP) is always the biggest contributor to emissions, whose effect on advanced economies saw a bigger decrease after 2008 than that on emerging economies. Debt–GDP is second only to GDP in contributing to emissions. It has a similar impact on emissions before and after 2008 for advanced economies, while it rockets after 2008 for emerging economies. Private debt financing of fossil fuels is the prominent inhibitor for both economies, especially for emerging economies. It has a stronger mitigation impact after 2008 than before for emerging economies, while has the opposite change for advanced economies. Debt structure and fossil CO2 intensity have relatively smaller effects on emissions. The crisis is an opportunity to promote low-carbon development. Since the COVID-19 pandemic is analogous to the 2008 crisis in terms of debt level and emission change, we provide recommendations for emission mitigation in the post-pandemic context.

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Preventing a rebound in carbon intensity post-COVID-19 – lessons learned from the change in carbon intensity before and after the 2008 financial crisis

Cited by 56 publications

References 48 publications

Difference and Cluster Analysis on the Carbon Dioxide Emissions in China During COVID-19 Lockdown via a Complex Network Model

Difference and Cluster Analysis on the Carbon Dioxide Emissions in China During COVID-19 Lockdown via a Complex Network Model

An impact study of COVID-19 on the electricity sector: A comprehensive literature review and Ibero-American survey

Drivers of CO2 Emissions: A Debt Perspective

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