Ontology highlight
ABSTRACT:
SUBMITTER: Khanna M
PROVIDER: S-EPMC7675242 | biostudies-literature | 2020 Oct
REPOSITORIES: biostudies-literature
Applied economic perspectives and policy 20201014 1
COVID-19 has led to an unprecedented reduction in demand for energy for transportation and electricity, a crash in prices and employment in the fossil fuel industries and record-breaking reductions in global carbon emissions. This paper discusses whether this "demand destruction" could spell the beginning of the end for fossil fuels or a temporary recession and the imperative to recover from the current crisis by "building back better" and not the same as before. There are encouraging signs for ...[more]