Covid-19 Pandemic And Energy Markets: Commodity Markets, Cryptocurrencies And Electricity Consumption Under The Covid-19

The World Health Organization declared COVID-19 a pandemic on March 11, 2020, causing a significant impact on the international economy. The pandemic has led to a global health and economic crisis, with economic activities stalled, stock markets tumbling, and energy markets severely affected. The health care and electricity infrastructure have been stressed, and clean energy transitions are crucial for overcoming the crisis. The commodity futures market will depend on the effectiveness of decision-makers' policies in containing the outbreak and reducing the negative effect on economic activities. This book seeks to provide insights into the adverse effects of COVID-19 through enhanced scientific and multi-disciplinary knowledge.

\n Format: Hardback
\n Length: 144 pages
\n Publication date: 04 October 2021
\n Publisher: World Scientific Publishing Co Pte Ltd
\n

The World Health Organization (WHO) officially declared the COVID-19 outbreak a pandemic on March 11, 2020, resulting in a significant and far-reaching impact on the global economy. This pandemic has brought about an unprecedented global health and economic crisis, affecting various sectors and industries.

Apart from the tragic loss of lives, the pandemic has caused widespread disruptions to economic activities, leading to stalled business operations, plummeting stock markets, and severe disruptions in energy markets, including oil, gas, and renewable energy. These market disruptions have had a profound impact on the global economy, leading to a decline in production, job losses, and a rise in poverty.

The pandemic has underscored the critical importance of healthcare and electricity infrastructure, as these systems are essential in responding to the health and economic challenges posed by the crisis. Governments and policymakers must prioritize the investment and maintenance of these infrastructure systems to ensure their resilience and ability to support the recovery efforts.

In the face of these interconnected crises, governments and policymakers must adopt a comprehensive and coordinated approach. This includes implementing measures to support businesses and individuals, such as economic stimulus packages, job protection programs, and social safety nets. Additionally, efforts must be made to contain the spread of the virus through public health measures, such as social distancing, mask-wearing, and testing.

Clean energy transitions must also be prioritized as part of the response to the pandemic. The shift towards renewable energy sources can help reduce greenhouse gas emissions, create jobs, and promote economic growth. Governments and policymakers can encourage investment in renewable energy technologies, promote energy efficiency, and implement policies that support the development of renewable energy infrastructure.

However, the recovery from the pandemic is expected to be gradual and challenging. The recovery will be influenced by a range of factors, including the effectiveness of decision-makers' policies in containing the COVID-19 outbreak and reducing the negative effect of the pandemic on economic activities. The commodity futures market will play a crucial role in determining the trajectory of the recovery, as it will be influenced by the supply and demand dynamics of various commodities.

This book seeks to provide insights into the adverse effects of the COVID-19 pandemic through enhanced scientific and multi-disciplinary knowledge. The chapters in the book explore the vulnerability of energy, stock, and cryptocurrency markets to the surge in coronavirus deaths, highlighting the need for proactive measures to mitigate the risks and promote stability.

In conclusion, the COVID-19 pandemic has posed a significant threat to the global economy and society. It has highlighted the critical importance of healthcare and electricity infrastructure, emphasized the need for clean energy transitions, and underscored the importance of coordinated and proactive responses from governments and policymakers. By investing in these infrastructure systems, implementing effective public health measures, and promoting clean energy transitions, we can work towards a more resilient and sustainable future.

\n Weight: 356g\n
Dimension: 174 x 492 x 18 (mm)\n
ISBN-13: 9789811239601\n \n