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Asymmetric response of carbon emissions to recessions and expansions is explained by negative oil market shocks

ACDE Seminar


David Stern, Australian National University


Other, please see description for details


Tuesday, 21 September, 2021 - 14:00 to 15:30

The 2020 COVID-19 driven recession saw a sharp drop in carbon dioxide emissions as transportation and some other energy uses were curtailed. This was an unusual recession – past recessions were driven primarily by changes in investment and central bank policies or oil price shocks, while this one was driven by a pandemic. Previous research showed that when GDP declines carbon emissions fall faster relative to GDP than they rise in economic booms.

Find flyers, registration, and complete event details at https://crawford.anu.edu.au/news-events/events/19164/asymmetric-response-carbon-emissions-recessions-and-expansions-explained


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