The Impact Of Covid-19 Pandemic On Carbon Emissions: Empirical Evidence From China

Yanwei Lyu, You Wu (), Wenqiang Wang and Jinning Zhang ()
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Yanwei Lyu: Shandong University, China
You Wu: Shandong University, China
Wenqiang Wang: Shandong University, China
Jinning Zhang: Shandong University, China

Bulletin of Monetary Economics and Banking, 2024, vol. 27, issue 1, 133-150

Abstract: In this study, we investigate the short-term impact of the COVID-19 pandemic on China’s carbon emissions. We use data for a panel of 30 Chinese provinces over the period January 2020 to December 2020. The results indicate that carbon emissions in China decreased considerably during the COVID-19 outbreak. This finding remains robust when we use different proxies for core variables. The pandemic had a more pronounced impact on carbon emissionsin regions with a surplus of carbon emission allowances, and the negative effects of the pandemic on carbon emissions were greater in the first half of 2020 compared to the second half. Reduced carbon emissions are just a temporary and short-term benefit of the COVID-19 pandemic. The negative impact of COVID-19 on China’s carbon emissions is unsustainable in the long-run. This study provides valuable recommendations for China and other countries to achieve green economic recovery and climate goals in the post-pandemic era.

Keywords: COVID-19; Carbon emissions; Emission reduction effects; Green economic recovery; Post-epidemic era (search for similar items in EconPapers)
JEL-codes: E52 E58 E65 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:27:y:2024:i:1f:p:133-150

DOI: 10.59091/2460-9196.2228

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