The COVID-19 lockdown in India: Impacts on the economy and the power sector

Q1 Social Sciences
Tejal Kanitkar
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引用次数: 79

Abstract

This paper demonstrates the use of a linear Input-Output (IO) model to estimate the economic losses in India due to COVID-19. The results show that depending on the duration of the lockdown, the Indian economy is likely to face a loss of about 10–31% of its GDP. This method can be applied to assess economic losses for other regions also. The paper also discusses the impacts of COVID-19 on the demand and supply of electricity and CO2 emissions from the power sector. The results show that daily supply from coal-based power plants has reduced by 26% during the lockdown resulting in a possible emissions reduction of about 15–65 MtCO2 depending on the lockdown duration. The cost of avoided carbon is approximately 186–264 $/tCO2, much higher than the $7–12/tCO2 currently being paid by consumers in India indicating the difficulty of achieving emissions reductions through restructuring economic activity as often advocated.

COVID-19在印度的封锁:对经济和电力部门的影响
本文演示了使用线性投入产出(IO)模型来估计印度因COVID-19造成的经济损失。结果显示,根据封锁持续时间的长短,印度经济可能面临约占GDP 10-31%的损失。该方法也可用于其他地区的经济损失评估。本文还讨论了COVID-19对电力需求和供应以及电力部门二氧化碳排放的影响。结果表明,在封城期间,燃煤电厂的日供应量减少了26%,根据封城持续时间的不同,可能减少约15-65亿吨二氧化碳的排放量。避免碳排放的成本约为186-264美元/吨二氧化碳,远高于印度消费者目前支付的7-12美元/吨二氧化碳,这表明通过调整经济活动来实现减排的困难。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Global Transitions
Global Transitions Social Sciences-Development
CiteScore
18.90
自引率
0.00%
发文量
1
审稿时长
20 weeks
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