Assessing Short-Term and Long-Term Economic and Environmental Effects of the COVID-19 Crisis in France.

ABSTRACT: In response to the COVID-19 health crisis, the French government has imposed drastic lockdown measures for a period of 55 days. This paper provides a quantitative assessment of the economic and environmental impacts of these measures in the short and long term. We use a Computable General Equilibrium model designed to assess environmental and energy policies impacts at the macroeconomic and sectoral levels. We find that the lockdown has led to a significant decrease in economic output of 5% of GDP, but a positive environmental impact with a 6.6% reduction in CO₂ emissions in 2020. Both decreases are temporary: economic and environmental indicators return to their baseline trajectory after a few years. CO₂ emissions even end up significantly higher after the COVID-19 c

SUBMITTER: Malliet P 

PROVIDER: S-EPMC7399601 | biostudies-literature | 2020

REPOSITORIES: biostudies-literature