Covid-19, Environmental Engineering and the End of the World as We Know it
Covid-19 stopped the World. When all humanity is worried about their health, is there still any room for technical sciences and environmental engineering? In this work, It will be proved, that the answer is yes. Major challenges, such as climate change, are still valid. In addition, being in a quarantine still we have access to clean water and electricity. Without these goods, our lives in these conditions would be much harder. Investments in renewable energy sources are still being carried out.
Covid-19 will not bring the end of the World as such, but the end of the World as we know it. Some sectors of the economy (tourism, public transport, in particular air transport) may cease to exist and the service sector will face a deep recession. This means a gigantic economic crisis and retraction of the World development many years back.
Between Economy and Security. Dilemmas of Sustainable Development in the Covid-19 Era – an Example of Great Britain
The coronavirus Covid-19 pandemic has disrupted social stability in many countries around the world. This has consequences for sustainable development. In a situation of stability, two competing pillars of sustainable development: the economic and the environmental one, are in the lead – as long as the basic needs of most people are satisfied. In the conditions of instability, the social pillar begins to dominate, pushing the economic and environmental pillars to the background. The fight against the pandemic is or has been carried out in different countries in different ways. We can talk about the Chinese, Taiwanese, or European models, among others. In the United Kingdom, the laissez-faire model was used for a short time. This was an interesting strategy (though a very risky one) that attempted to reconcile different pillars of sustainable development in the face of crisis, seeking a compromise between health considerations, social situation, and the requirements of the economy. However, this approach was quickly rejected under the influence of public opinion, the media and scientific authorities. In the situation of impending crisis, the social pillar began to dominate. The dilemma economy vs. security was resolved according to the hierarchy of needs (with security being a more basic need). This is a tip for the future – for social policy and planning in times of stability. In a situation of deep biological crisis (as opposed to economic crises), the social factor comes to the fore in the end, at the expense of all others. Within the social factor, the hierarchy of goals will be established according to the hierarchy of needs.
COVID-Induced Investor Sentiments and Market Reaction under Extreme Meteorological Conditions: Evidence from Clean Energy Sector of Asia-Pacific
Farzan Yahya, Zhang Shaohua, Muhammad Waqas, Zhengde Xiong
The unprecedented global economic and social crisis caused by the coronavirus outbreak has not spared the energy sector. Using a dynamic model, we investigated the effect of COVID-19 cases on investor sentiments and stock returns of clean energy in the Asian-Pacific region. The results show that coronavirus cases negatively affect stock returns using investor sentiments as a transmission channel. We also find a negative effect of air pollution on stock returns. Since COVID-19 restricted trade and plummeted the oil prices, economies relied on non-renewable sources to meet energy demands. Nevertheless, the investor’s optimism and high sentiment level may deteriorate this link. On the other hand, we do not find any significant effect of low-high temperature on either investor sentiments or clean energy stock returns. Clean energy stocks were viewed as more sustainable and less vulnerable to external shocks, however, the fear and pessimism among investors induced by corona-virus are spilled over the renewable energy sector.
Determinants of COVID-19 Death Rate in Europe: Empirical Analysis
Serhii Kozlovskyi, Daria Bilenko, Oleksandr Dluhopolskyi, Serhii Vitvitskyi, Olha Bondarenko, Oleksandr Korniichuk
At the end of 2019, the new virus called Coronavirus disease (COVID-19) spread widely from China all over the world (including Europe). Most countries in Europe at the beginning of 2020 have been quarantined. The aim of the work is to develop the system dynamics model for assessing the impact of the different factors on the COVID-19 death rate in Europe. There were tested three hypotheses about factors of reducing the COVID-19 death rate with the help of linear regression analysis. The density of the population of European countries doesn’t affect the COVID-19 death rate. Also, COVID-19 death rate does not drastically affect mortality statistics. But the level of country’s economic development is a factor of COVID-19 death rate because in high developed countries the pandemic death rate is lower, regardless of the mechanisms of the spread of the disease and its impact on human health.