The impact of COVID-19 and non-pharmaceutical interventions on energy returns worldwide.
The impact of COVID-19 and non-pharmaceutical interventions on energy returns worldwide.
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DOI：
10.1016/j.scs.2021.102943
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发表时间：
2021-07
影响因子：
11.7
通讯作者：
Saha, Asish
中科院分区：
文献类型：
--
作者：
Saif-Alyousfi, Abdulazeez Y. H.;Saha, Asish
COVID-19大流行引发了前所未有的全球经济和社会危机，引发了各地理区域政府的各种干预措施。这一流行病正在严重影响生活的各个方面，包括能源部门。在本文中，我们调查了2020年1月1日至11月1日期间，COVID-19和非药物干预对34个国家104个全球能源指数的能源回报的影响。我们的分析显示，COVID-19导致的确诊病例和死亡病例的每日增长对全球能源回报产生了重大的负面直接影响。我们还发现证据表明，各种非药物干预措施对全球能源回报产生了重大影响。更具体地说，我们发现工作场所的关闭和对内部流动的限制对全球能源回报产生了积极而重大的影响。相比之下，取消公共活动、关闭公共交通和公共宣传运动对他们产生了重大的负面影响。然而，学校关闭和国际旅行管制是消极的，但微不足道。能源安全是每个经济体的基石，我们的研究结果支持了对能源部门进行大规模投资的迫切需要，以促进经济活动，创造可持续的就业机会，并确保受疫情影响的经济体的复原力。
The COVID-19 pandemic has caused an unprecedented global economic and social crisis, triggering various interventions by governments across geographic regions. The pandemic is significantly affecting all aspects of life, including the energy sector. In this paper, we investigate the bearing of COVID-19 and non-pharmaceutical interventions on the energy returns across 104 global energy indices in 34 countries over the period 1 January to 1 November 2020. Our analyses show that the daily growth in both confirmed cases and cases of death caused by COVID-19 has significant negative direct effects on global energy returns. We also find evidence that various non-pharmaceutical interventions have a significant impact on global energy returns. More specifically, we find that workplace closure and restrictions on internal movement have a positive and significant impact on global energy returns. In contrast, cancellation of public events, closing down public transport, and public information campaigns have a negative and significant impact on them. School closures and international travel controls are, however, negative but insignificant. For energy security, the cornerstone of every economy, our results support the argument for the urgent need for massive investment in the energy sector to boost economic activities, create sustainable jobs, and ensure the resilience of the economies hit by the pandemic.
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