A Comparative Analysis of Air Pollution Levels During Times of International Uncertainty: The Financial Crisis of 2008 and the COVID-19 Pandemic of 2020

Abstract

During a crisis, economies stagnate as uncertainty grows about the future state of the world. The financial crisis of 2008 led to a severe recession where the global economy halted for approximately two years, causing unemployment and poverty [1]. Coronavirus disease 2019 (COVID-19), which attacks the respiratory system [2], was first identified in Wuhan, China, in late December of 2019. Within a matter of months, it spread globally causing economies to shut down. As distinct as the financial crisis of 2008 may seem from the COVID-19 pandemic lockdowns, both have had devastating effects on national economies and industrial production, resulting in an overall decrease in air pollutant emissions such as carbon dioxide (CO2) and nitrogen oxides (NOx). Therefore, parallels can be made between air pollution levels during each crisis. Given air pollution rates increased after the financial crisis of 2008 [3], it is likely air pollution will also rise in the aftermath of the COVID-19 pandemic. This study aims to support this argument by analyzing air pollution trends outlined in the results of several published papers.