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COVID-19-induced low power demand and market forces starkly reduce CO2 emissions

Author

Listed:
  • Christoph Bertram

    (Member of the Leibniz Association)

  • Gunnar Luderer

    (Member of the Leibniz Association
    Technische Universität Berlin)

  • Felix Creutzig

    (Mercator Research Institute on Global Commons and Climate Change
    Technische Universität Berlin)

  • Nico Bauer

    (Member of the Leibniz Association)

  • Falko Ueckerdt

    (Member of the Leibniz Association)

  • Aman Malik

    (Member of the Leibniz Association
    Technische Universität Berlin)

  • Ottmar Edenhofer

    (Member of the Leibniz Association
    Mercator Research Institute on Global Commons and Climate Change
    Technische Universität Berlin)

Abstract

The COVID-19 pandemic continues to strongly affect global energy systems. Global power sector CO2 emissions have shown a substantial decline, thanks to (a) the COVID-19-induced economic downturn and resulting reduction of electricity demand and (b) a decrease of carbon intensity of power generation as coal generation is decreased most strongly. These effects illustrate the opportunity for different policies to support a structural and accelerating decline of power sector emissions.

Suggested Citation

  • Christoph Bertram & Gunnar Luderer & Felix Creutzig & Nico Bauer & Falko Ueckerdt & Aman Malik & Ottmar Edenhofer, 2021. "COVID-19-induced low power demand and market forces starkly reduce CO2 emissions," Nature Climate Change, Nature, vol. 11(3), pages 193-196, March.
    • Handle: RePEc:nat:natcli:v:11:y:2021:i:3:d:10.1038_s41558-021-00987-x
    DOI: 10.1038/s41558-021-00987-x
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    Cited by:

    1. Pang, Si Lu & Liu, Hui & Hua, Gui Hong, 2024. "How does digital finance drive the green economic growth? New discoveries of spatial threshold effect and attenuation possibility boundary," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 561-581.
    2. Beata Bieszk-Stolorz & Iwona Markowicz, 2022. "Changes in Share Prices of Macrosector Companies on the Warsaw Stock Exchange as a Reaction to the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    3. Yi, Yuxin & Zhang, Liming & Du, Lei & Sun, Helin, 2024. "Cross-regional integration of renewable energy and corporate carbon emissions: Evidence from China's cross-regional surplus renewable energy spot trading pilot," Energy Economics, Elsevier, vol. 135(C).
    4. Yanwei Lyu & You Wu & Wenqiang Wang & Jinning Zhang, 2024. "The Impact Of Covid-19 Pandemic On Carbon Emissions: Empirical Evidence From China," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 27(1), pages 133-150, March.
    5. Yugang He & Ziqian Zhang, 2022. "Non-Renewable and Renewable Energies, and COVID-19 Pandemic: Do They Matter for China’s Environmental Sustainability?," Energies, MDPI, vol. 15(19), pages 1-14, September.
    6. Jan C. Steckel & Ira I. Dorband & Lorenzo Montrone & Hauke Ward & Leonard Missbach & Fabian Hafner & Michael Jakob & Sebastian Renner, 2021. "Distributional impacts of carbon pricing in developing Asia," Nature Sustainability, Nature, vol. 4(11), pages 1005-1014, November.
    7. Yanwei Lyu & You Wu & Wenqiang Wang & Jinning Zhang, 2023. "The Impact Of Covid-19 On Carbon Emissions: Empirical Evidence From China," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(4), pages 571-586, November.
    8. Costa, Vinicius B.F. & Pereira, Lígia C. & Andrade, Jorge V.B. & Bonatto, Benedito D., 2022. "Future assessment of the impact of the COVID-19 pandemic on the electricity market based on a stochastic socioeconomic model," Applied Energy, Elsevier, vol. 313(C).
    9. Maximiliano Lainfiesta Herrera & Hassan S. Hayajneh & Xuewei Zhang, 2021. "DC Communities: Transformative Building Blocks of the Emerging Energy Infrastructure," Energies, MDPI, vol. 14(22), pages 1-8, November.
    10. Ghosh, Saibal, 2023. "Does climate legislation matter for bank lending? Evidence from MENA countries," Ecological Economics, Elsevier, vol. 212(C).
    11. Jia, Weidong & Gong, Chengzhu & Pan, Kai & Yu, Shiwei, 2023. "Potential changes of regional natural gas market in China amidst liberalization: A mixed complementarity equilibrium simulation in 2030," Energy, Elsevier, vol. 284(C).
    12. Huanbi Yue & Chunyang He & Qingxu Huang & Da Zhang & Peijun Shi & Enayat A. Moallemi & Fangjin Xu & Yang Yang & Xin Qi & Qun Ma & Brett A. Bryan, 2024. "Substantially reducing global PM2.5-related deaths under SDG3.9 requires better air pollution control and healthcare," Nature Communications, Nature, vol. 15(1), pages 1-13, December.

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