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Economic and Social Consequences of the COVID-19 Pandemic in Energy Sector

Economic and Social Consequences of the COVID-19 Pandemic in Energy Sector PDF Author: Tomasz Rokicki
Publisher: Mdpi AG
ISBN: 9783036560809
Category : Social Science
Languages : en
Pages : 0

Book Description
The purpose of the Special Issue was to collect the results of research and experience on the consequences of the COVID-19 pandemic for the energy sector and the energy market, broadly understood, that were visible after a year. In particular, the impact of COVID-19 on the energy sector in the EU, including Poland, and the US was examined. The topics concerned various issues, e.g., the situation of energy companies, including those listed on the stock exchange, mining companies, and those dealing with renewable energy. The topics related to the development of electromobility, managerial competences, energy expenditure of local government units, sustainable development of energy, and energy poverty during a pandemic were also discussed.

Economic and Social Consequences of the COVID-19 Pandemic in Energy Sector

Economic and Social Consequences of the COVID-19 Pandemic in Energy Sector PDF Author: Tomasz Rokicki
Publisher: Mdpi AG
ISBN: 9783036560809
Category : Social Science
Languages : en
Pages : 0

Book Description
The purpose of the Special Issue was to collect the results of research and experience on the consequences of the COVID-19 pandemic for the energy sector and the energy market, broadly understood, that were visible after a year. In particular, the impact of COVID-19 on the energy sector in the EU, including Poland, and the US was examined. The topics concerned various issues, e.g., the situation of energy companies, including those listed on the stock exchange, mining companies, and those dealing with renewable energy. The topics related to the development of electromobility, managerial competences, energy expenditure of local government units, sustainable development of energy, and energy poverty during a pandemic were also discussed.

Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics

Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics PDF Author: Johannes Emmerling
Publisher: International Monetary Fund
ISBN: 1513582356
Category : Business & Economics
Languages : en
Pages : 38

Book Description
COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.

Energy Transition, Climate Change, and COVID-19

Energy Transition, Climate Change, and COVID-19 PDF Author: Fateh Belaïd
Publisher: Springer Nature
ISBN: 3030797139
Category : Business & Economics
Languages : en
Pages : 258

Book Description
This volume analyzes the impacts of the COVID-19 pandemic on energy transition and climate change from an economic perspective. Since its emergence in early 2020, the COVID-19 pandemic has had a powerful effect on multiple facets of the global economy. The unknown scope and duration of the pandemic and its associated economic shocks have made energy security and the process of clean energy transition highly unpredictable. To combat this, this edited volume presents a wide range of theoretical and empirical research at the nexus of the COVID-19 pandemic and energy, resource, and environmental economics. Chapters focus on four major themes: the impact of crises on energy security, the role of resilient energy systems in society, the challenges of clean energy transition, and economic impacts of COVID-19 on climate change. Providing rigorous analysis of an evolving situation that will continue to impact the global energy market, this volume will be of interest to researchers and students of energy economics, environmental economics, and resource economics as well as policy professionals involved in climate change and energy transition.

The Effect of COVID-19 Pandemic on the Energy Economics and Markets in Central and Eastern Europe

The Effect of COVID-19 Pandemic on the Energy Economics and Markets in Central and Eastern Europe PDF Author: Jakub Kraciuk
Publisher:
ISBN: 9783725815388
Category : Business & Economics
Languages : en
Pages : 0

Book Description
This reprint provides a comprehensive study of the impact of the COVID-19 pandemic on energy markets in Central and Eastern Europe. The COVID-19 pandemic has introduced significant changes and challenges to the energy sector worldwide. Sudden changes in energy demand, the need to adapt to new market and political conditions, and the increasing role of sustainable development and renewable energy sources have compelled the energy sector to seek innovative solutions. The motivation for writing this reprint was to understand these dynamic changes and their long-term consequences for the energy sector, economy, and society. The goal of this publication is to understand and analyze the impact of the COVID-19 pandemic on various aspects of the energy sector in Central and Eastern Europe, with a particular focus on Poland. The analysis covers several key aspects, such as innovative energy technologies in road transport in selected EU countries, changes in energy consumption, implementation of renewable energy technologies, CSR policies, employment in the energy sector, and risks associated with the pandemic. This publication is addressed to a broad audience, including researchers, students, policymakers, energy sector workers, and anyone interested in renewable energy and its role in sustainable development. I warmly invite you to read and reflect on the issues presented herein.

Challenges in Economic Policy, Business and Management in the COVID-19 Era

Challenges in Economic Policy, Business and Management in the COVID-19 Era PDF Author: Anna Ujwary-Gil
Publisher: INE PAN
ISBN: 8361597808
Category : Business & Economics
Languages : en
Pages : 269

Book Description
The COVID-19 pandemic has made it necessary to redefine the most significant challenges faced by individual economies and society today. It contributed to the change of contemporary social, technological and economic trends, the effects of which will indeed be the subject of many scientific studies in the coming years. As the pandemic progresses, it promotes reflection and summaries of the consequences of behaviors or omissions in each country. One of them is a synthetic presentation of ten lessons from the pandemic (Gorynia, 2021), which the professor accurately diagnoses in the economic context: 1) the pandemic as a non-economic (sanitary-medical) shock that caused the economic, social and political crisis; 2) the pandemic as a "black swan", an unpredictable threat of high species gravity, but requiring anticipation to minimize its harmful effects in the future; 3) determining the causes of the appearance of the virus determines different preventive actions for future threats; 4) resilience as the foundation of long-term economic efficiency; 5) the set of measures to counteract the harmful effects of a pandemic should not be unified but adapted to the specificity of the facilities it is to affect; 6) the world economy as a system of vessels connected with its positive and negative consequences; 7) the pandemic highlighted the role of coordination of international cooperation; the shortcomings of globalization must be overcome by fairly sharing the positive fruits of international cooperation and resilience aimed at diversifying supplies; 8) economic policy pursued by individual states with a view to preventing the effects of the economic crisis caused by a pandemic cannot be voluntary; 9) the pandemic has sharpened the perception of the shortcomings of contemporary economic, social and political systems and prompts the questioning of certain pillars of the market economy (e.g., homo oeconomicus, individual and global rationality, private and state property, canons of monetary, fiscal, budgetary or industrial policy); 10) the pandemic increases the pressure on systemic and holistic thinking taking into account green economic development, saving energy, water and other resources, using renewable energy sources, avoiding wastage of resources, paying attention to social inequalities in the world, regions and countries, solving poverty problems, and social exclusion. This monograph is partially a response to the in-depth issues covered in these lessons. The authors of individual chapters challenge contemporary topics relating to ​​the COVID-19 pandemic, industry and inter-organizational cooperation, pro-environmental, resilient, and innovative organizations. The monograph consists of three parts. The first part (PART 1) covers an overview of very recent research, considering the impact of COVID-19 on the economy, industries, and business. The article by Anna Ujwara-Gil and Bianka Godlewska-Dzioboń deals with, among others, the issues relating to pandemic impacts on the slowdown in the functioning of the construction, electric automotive, and water industries. Also, it affects the tourist industry, where countries are starting to pay attention to the resource-saving green economy and problems of professional exclusion in the pandemic era. In another article, Maria Czech refers to the influence of public debt on the volatility of spreads during the COVID-19 pandemic. This research is part of the study on the use of sovereign credit default swap spreads to assess a country's credit risk, which may be distorted in a pandemic period. It is undisputed that the COVID-19 pandemic has a global dimension. The crisis resulting from disorders such as in value chains has caused industry to slow down. The Czech luxury fashion industry is no exception. As Radka MacGregor Pelikánová points out, COVID-19 has turned out to be a threat to its development.. Leading Czech luxury fashion companies withdrew to a passive role and felt the negative consequences of the pandemic. As the Author points out, few have engaged in corporate social responsibility and showed ingenuity, which increases their chances of survival in the future. In other studies, Tereza Horáková and Kateřina Maršíková identified factors influencing the environment of effective knowledge exchange in SMEs, which in the era of hybrid work during COVID-19, is particularly important. The second part of the monograph (PART 2) includes two studies on the photovoltaic cell industry in China from the perspective of comparative and intra-industry advantage. As a significant player in the global trade scene and various value chains, China is a fascinating subject of research undertaken by Paweł Brusilo and Bogusława Drelich-Skulska. The results of the first article demonstrate the success of the Chinese industry in terms of growth potential, competitiveness, and development opportunities thanks to effective state support and favorable market forces. As the authors point out, the Chinese solar cell industry has not been studied so far in the context of comparative advantage and the new structural economy. The results show the way for other countries to consider or develop innovative industries, such as renewable energy and solar energy. In the second article, Paweł Brusilo examines the topic of the Belt and Road Initiative in the context of the Chinese photovoltaic cell industry, energy transition policy, identification of modern intra-industry trade patterns and opportunities for this industry, which is characterized by significant state interventionism. The considerations in this article may inspire EU countries to deepen economic and trade cooperation in the export and import of solar cells with China. On the other hand, Joanna Kurowska-Pysz has undertaken the analysis of the cooperation conditions within the innovative processes of representatives of science, business, the legislative, and economic environment cooperating on the capital market. The Author focused on the motivators, barriers, but also the search for an effective form of development of intersectoral cooperation enabling the exchange of knowledge and experience, learning, including the flow of personnel between sectors, joint organization of conferences, seminars, training, and implementation of research projects constituting the basis of innovative processes, or the diagnosis of network relationships. The model proposed by the Author will surely inspire other researchers. The third part of the monograph (PART 3) includes articles referring, inter alia, to the pro-environmental organizational culture of enterprises. Katarzyna Piwowar-Sulej, as an advocate of this valuable orientation today, has shown that organizations are interested in developing pro-ecological behavior and are aware of their impact on the natural environment. The article is in line with the global trend focused on the sustainable, ecological, and green economy enterprises operating in this trend, not only because of COVID-19. Taking action to develop a pro-ecological organizational culture, taking care of the natural environment is not only a moral and ethical requirement but also an obligation for the future generation. This part also includes an article by Piotr Tomszys and Bartosz Grucza, who present an inspiring model of organizational resilience and an attempt to operationalize it. The organizational resilience model proposed by the Authors is in line with the growing interest in the analyzes and measurement of the enterprises' resilience. The conceptualization and measurement of economic resilience can inspire other researchers to further research in this area. The COVID-19 pandemic, as an unpredictable and destructive shock, might be a unique opportunity to verify the developed model, as the authors point out. The last article deals with the issue of innovative management and its measurement based on a proprietary tool developed by Magdalena Gorzelany-Dziadkowiec. The considerations undertaken by the Author are a reliable starting point for further research concerning the impact of COVID-19 on the organization's functioning, the development of innovative management, changes in work processes, and interpersonal relations in the era of increasingly dominant digital technology and skills to use it. The editors profoundly thank all the Authors for their valuable contribution to this monograph and cooperation in its co-creation. We address our grateful thanks to all the Reviewers for their insightful evaluation and high standards of their work. These special thanks go to (in alphabetical order) Barbara Błaszczyk Institute of Economics, Polish Academy of Sciences; Justyna Bugaj, Jagiellonian University; Anna Fornalczyk, COMPER Fornalczyk and Wspólnicy; Marta Gancarczyk, Jagiellonian University; Anna Maria Lis, Gdańsk University of Technology; Andrzej Lis, Nicolaus Copernicus University; Mieczysław Morawski, Warsaw University of Technology; Paweł Pisany, Institute of Economics, Polish Academy of Sciences; Natalia R. Potoczek, Institute of Economics, Polish Academy of Sciences. We also thank Paweł Japoł for his thorough proofreading of this monograph.

Economic development, social consequences, and technological innovation under climate change covid-19 pandemic conditions

Economic development, social consequences, and technological innovation under climate change covid-19 pandemic conditions PDF Author: Cem Işık
Publisher: Frontiers Media SA
ISBN: 2832514340
Category : Science
Languages : en
Pages : 624

Book Description


Covid-19 Pandemic And Energy Markets: Commodity Markets, Cryptocurrencies And Electricity Consumption Under The Covid-19

Covid-19 Pandemic And Energy Markets: Commodity Markets, Cryptocurrencies And Electricity Consumption Under The Covid-19 PDF Author: Khaled Guesmi
Publisher: World Scientific
ISBN: 9811239622
Category : Business & Economics
Languages : en
Pages : 142

Book Description
The World Health Organization confirmed COVID-19 a pandemic on March 11, 2020, causing vast impact on international economy. The coronavirus pandemic has given rise to an unprecedented global health and economic crises. Apart from the toll of early deaths, economic activities have been stalled and stock markets have tumbled, while a wide range of energy markets — including oil, gas and renewable energy — have been severely affected. This crisis The pandemic has stressed the critical value of the health care infrastructure and electricity infrastructure. In view of the above, while governments and policy makers respond to these interlinked crises, they must not lose sight of a major challenge of our time: clean energy transitions.The pandemic has continued to to slow down the recovery of economic activities and consumption due to combination of many factors such as economic recession, expensive storage, warm climate, and enormous uncertainty. Mitigation and adaptation policies are crucial to overcoming the crisis. The commodity futures market will depend on the effectiveness of decision-makers' policies in containing the COVID-19 outbreak and reducing the negative effect of the pandemic on economic activities. This book seeks to throw light on the adverse effects of COVID-19 through enhanced scientific and multi-disciplinary knowledge. The chapters in the book show that the energy, stock, crypto-currencies markets are vulnerable to the surge in coronavirus deaths.

Energy Crisis and Its Impact on Global Business

Energy Crisis and Its Impact on Global Business PDF Author: Shaheen, Sadia
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 401

Book Description
In the wake of the unprecedented challenges posed by the coronavirus, the world grapples with a health crisis and economic, environmental, and energy challenges. This pandemic’s disastrous impact on these areas is often a matter of justice. Beyond the immediate human toll, the economic ramifications have sent shockwaves through business organizations, disrupting the foundations of leading economies. This period, marked by the COVID-19 pandemic, serves as a litmus test for leadership, demanding strategic acumen from the energy industry and all facets of global business. Energy Crisis and Its Impact on Global Business explores the multifaceted challenges business organizations face after the COVID-19 energy crises. The book delves into the imperative of restructuring for sustainable growth and stability, guiding organizations to navigate the complex management of people, energy, and supply chains. This book spans the challenges arising from post-COVID energy crises. From the foundational problem of access to basic health facilities due to energy shortages to the intricacies of maintaining smooth supply chains, motivating a workforce grappling with unpredictable management decisions, and addressing leadership challenges, the book offers a comprehensive understanding of contemporary business. A broad spectrum of individuals will find this book to be pivotal, with the audience encompassing students, graduates, research scholars, practitioners, employees, consultants, corporate bodies, and technocrats involved in or affected by the dynamic shifts in the global business paradigm.

The Global Energy Transition

The Global Energy Transition PDF Author: Peter D Cameron
Publisher: Bloomsbury Publishing
ISBN: 1509932496
Category : Law
Languages : en
Pages : 272

Book Description
Global energy is on the cusp of change, and it has become almost a truism that energy is in transition. But what does this notion mean exactly? This book explores the working hypothesis that, characteristically, the energy system requires a strategy of the international community of states to deliver sustainable energy to which all have access. This strategy is for establishing rules-based governance of the global energy value-cycle. The book has four substantive parts that bring together contributions of leading experts from academia and practice on the law, policy, and economics of energy. Part I, 'The prospects of energy transition', critically discusses the leading forecasts for energy and the strategies that resource-rich countries may adopt. Part II, 'Rules-based multilateral governance of the energy sector', details the development and sources of rules on energy. Part III, 'Competition and regulation in transboundary energy markets', discusses principal instruments of rules-based governance of energy. Part IV, 'Attracting investments and the challenges of multi-level governance', focuses on the critical governance of the right investments. This book is a flagship publication of the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee. It launches the Hart series 'Global Energy Law and Policy' and is edited by the series general editors Professors Peter D Cameron and Volker Roeben, and also Dr Xiaoyi Mu.

The Economic and Legal Impact of Covid-19

The Economic and Legal Impact of Covid-19 PDF Author: Jerzy Menkes
Publisher: Routledge
ISBN: 1000405613
Category : Business & Economics
Languages : en
Pages : 134

Book Description
In response to the outbreak of the COVID-19 pandemic, governments and international institutions took steps to contain the harmful consequences on citizens’ lives and health, as well as the economy. In the short term, the goal was to limit the spread of the virus and the effects of the restrictions on the economy and, in the longer run, to prevent the appearance of new cases, facilitate the end of social restrictions, reboot the economy, and return to a path of sustainable growth and development. This is an economic and legal exploration of the impact of the pandemic, in the Polish context, examining Polish society and the economy as well as the response of the Polish authorities to the pandemic. The choice of Poland as the subject of the research is justified by its specificity. On the one hand, Poland is a country undergoing systemic transformation with access to European and transatlantic institutions. On the other hand, in recent years, it has evolved towards a hybrid democracy and is currently diverging away from the EU project. The book presents Poland’s legal and institutional response to the pandemic, analysed through the prism of common European values and Poland’s international commitments. It signposts the financial solutions adopted by the EU in the aftermath of the outbreak to assess how they will be used in combatting the short and longer-term consequences of the pandemic in Poland. The book is an introduction to original research, shaped by the novelty of the subject matter, and as such, will be essential reading for students and researchers of economics, law, and international relations.