Environmental risk of Covid-19 recovery

IF 4 4区环境科学与生态学 Q2 ENVIRONMENTAL STUDIES

Energy & Environment Pub Date : 2022-07-15 DOI:10.1177/0958305X221108493

Mortaza Baky Haskuee, A. Asgary

{"title":"Environmental risk of Covid-19 recovery","authors":"Mortaza Baky Haskuee, A. Asgary","doi":"10.1177/0958305X221108493","DOIUrl":null,"url":null,"abstract":"During Covid-19 pandemic world economy experienced negative growth rate, therefore energy consumption and consequently emission pollution decreased. According to Environmental Kuznets Curve, it is expected that energy consumption and emission pollution increase in response to Covid-19 economic recovery, even higher than its pre-pandemic level. The goal of this paper is to study the environmental risk of Covid-19 economic recovery. We use an Environmentally-Augmented Global Vector Autoregressive Model (E-GVAR) to trace dynamic effects of Covid-19 economic recovery on pollution emission. Using generalized impulse response functions (GIRFs), we investigated the effect of positive economic shocks in real per capita income in China and USA economies on total C O 2 equivalent emission pollution. The results show that positive economic recovery affects emission pollution significantly. China and emerging economies may experience high risk while Europe region is moderately affected by this positive shock. A positive Economic Shock in China decrease pollution emission in USA over time. It can be attributed to substitution effect of Chinese product in global market. Generally, our results demonstrate spillover effect of transition shocks from large economies to the rest of world and highlights the importance of linkages in the world economy.","PeriodicalId":11652,"journal":{"name":"Energy & Environment","volume":"534 1","pages":""},"PeriodicalIF":4.0000,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy & Environment","FirstCategoryId":"93","ListUrlMain":"https://doi.org/10.1177/0958305X221108493","RegionNum":4,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}

引用次数: 1

Abstract

During Covid-19 pandemic world economy experienced negative growth rate, therefore energy consumption and consequently emission pollution decreased. According to Environmental Kuznets Curve, it is expected that energy consumption and emission pollution increase in response to Covid-19 economic recovery, even higher than its pre-pandemic level. The goal of this paper is to study the environmental risk of Covid-19 economic recovery. We use an Environmentally-Augmented Global Vector Autoregressive Model (E-GVAR) to trace dynamic effects of Covid-19 economic recovery on pollution emission. Using generalized impulse response functions (GIRFs), we investigated the effect of positive economic shocks in real per capita income in China and USA economies on total C O 2 equivalent emission pollution. The results show that positive economic recovery affects emission pollution significantly. China and emerging economies may experience high risk while Europe region is moderately affected by this positive shock. A positive Economic Shock in China decrease pollution emission in USA over time. It can be attributed to substitution effect of Chinese product in global market. Generally, our results demonstrate spillover effect of transition shocks from large economies to the rest of world and highlights the importance of linkages in the world economy.

查看原文本刊更多论文

Covid-19复苏的环境风险

在新冠肺炎疫情期间，世界经济出现负增长，因此能源消耗和排放污染减少。根据环境库兹涅茨曲线，预计能源消耗和排放污染将随着经济复苏而增加，甚至高于疫情前的水平。本文的目的是研究新冠肺炎经济复苏的环境风险。我们使用环境增强的全球向量自回归模型(E-GVAR)跟踪新冠肺炎经济复苏对污染排放的动态影响。本文利用广义脉冲响应函数(GIRFs)研究了中美两国实际人均收入的正向经济冲击对总二氧化碳当量排放污染的影响。结果表明，积极的经济复苏对排放污染有显著影响。中国和新兴经济体可能面临高风险，而欧洲地区受到这一积极冲击的影响较小。随着时间的推移，中国积极的经济冲击会减少美国的污染排放。这可以归结为中国产品在全球市场上的替代效应。总体而言，我们的研究结果证明了大型经济体的转型冲击对世界其他地区的溢出效应，并强调了世界经济中联系的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Energy & Environment ENVIRONMENTAL STUDIES-

CiteScore

7.60

自引率

7.10%

发文量

157

期刊介绍： Energy & Environment is an interdisciplinary journal inviting energy policy analysts, natural scientists and engineers, as well as lawyers and economists to contribute to mutual understanding and learning, believing that better communication between experts will enhance the quality of policy, advance social well-being and help to reduce conflict. The journal encourages dialogue between the social sciences as energy demand and supply are observed and analysed with reference to politics of policy-making and implementation. The rapidly evolving social and environmental impacts of energy supply, transport, production and use at all levels require contribution from many disciplines if policy is to be effective. In particular E & E invite contributions from the study of policy delivery, ultimately more important than policy formation. The geopolitics of energy are also important, as are the impacts of environmental regulations and advancing technologies on national and local politics, and even global energy politics. Energy & Environment is a forum for constructive, professional information sharing, as well as debate across disciplines and professions, including the financial sector. Mathematical articles are outside the scope of Energy & Environment. The broader policy implications of submitted research should be addressed and environmental implications, not just emission quantities, be discussed with reference to scientific assumptions. This applies especially to technical papers based on arguments suggested by other disciplines, funding bodies or directly by policy-makers.