Department of Business Development and Technology

Gerardo Zarazua de Rubens

When pandemics impact economies and climate change: Exploring the impacts of COVID-19 on oil and electricity demand in China

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When pandemics impact economies and climate change : Exploring the impacts of COVID-19 on oil and electricity demand in China. / Norouzi, Nima; Zarazua de Rubens, Gerardo; Choubanpishehzafar, Saeideh; Enevoldsen, Peter.

In: Energy Research and Social Science, Vol. 68, 101654, 10.2020.

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@article{1a8bd67ca9534764b14d814dd87371e9,
title = "When pandemics impact economies and climate change: Exploring the impacts of COVID-19 on oil and electricity demand in China",
abstract = "Despite all the scientific and technological developments in the past one hundred years, biologic issues such as pandemics are a constant threat to society. While one of the aspects of a pandemic is the loss of human life, the outbreak has multi-dimensional impacts across regional and global societies. In this paper, a comparative regressive and neural network model is developed to analyze the impacts of COVID-19 (coronavirus) on the electricity and petroleum demand in China. The environmental analysis shows that the epidemic severeness significantly affects the electricity and the petroleum demand, both directly and indirectly. The outputs of the model stated that the elasticity of petroleum and electricity demand toward the population of the infected people is −0.1% and −0.65%, respectively. The mentioned results show that pandemic status has a significant impact on energy demand, and also its impacts can be tracked into every corner of human society.",
keywords = "COVID-19, Demand analysis, Economic impacts, Energy policy, Socio-economic analysis",
author = "Nima Norouzi and {Zarazua de Rubens}, Gerardo and Saeideh Choubanpishehzafar and Peter Enevoldsen",
year = "2020",
month = oct,
doi = "10.1016/j.erss.2020.101654",
language = "English",
volume = "68",
journal = "Energy Research & Social Science",
issn = "2214-6296",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - When pandemics impact economies and climate change

T2 - Exploring the impacts of COVID-19 on oil and electricity demand in China

AU - Norouzi, Nima

AU - Zarazua de Rubens, Gerardo

AU - Choubanpishehzafar, Saeideh

AU - Enevoldsen, Peter

PY - 2020/10

Y1 - 2020/10

N2 - Despite all the scientific and technological developments in the past one hundred years, biologic issues such as pandemics are a constant threat to society. While one of the aspects of a pandemic is the loss of human life, the outbreak has multi-dimensional impacts across regional and global societies. In this paper, a comparative regressive and neural network model is developed to analyze the impacts of COVID-19 (coronavirus) on the electricity and petroleum demand in China. The environmental analysis shows that the epidemic severeness significantly affects the electricity and the petroleum demand, both directly and indirectly. The outputs of the model stated that the elasticity of petroleum and electricity demand toward the population of the infected people is −0.1% and −0.65%, respectively. The mentioned results show that pandemic status has a significant impact on energy demand, and also its impacts can be tracked into every corner of human society.

AB - Despite all the scientific and technological developments in the past one hundred years, biologic issues such as pandemics are a constant threat to society. While one of the aspects of a pandemic is the loss of human life, the outbreak has multi-dimensional impacts across regional and global societies. In this paper, a comparative regressive and neural network model is developed to analyze the impacts of COVID-19 (coronavirus) on the electricity and petroleum demand in China. The environmental analysis shows that the epidemic severeness significantly affects the electricity and the petroleum demand, both directly and indirectly. The outputs of the model stated that the elasticity of petroleum and electricity demand toward the population of the infected people is −0.1% and −0.65%, respectively. The mentioned results show that pandemic status has a significant impact on energy demand, and also its impacts can be tracked into every corner of human society.

KW - COVID-19

KW - Demand analysis

KW - Economic impacts

KW - Energy policy

KW - Socio-economic analysis

UR - http://www.scopus.com/inward/record.url?scp=85086669851&partnerID=8YFLogxK

U2 - 10.1016/j.erss.2020.101654

DO - 10.1016/j.erss.2020.101654

M3 - Journal article

C2 - 32839693

AN - SCOPUS:85086669851

VL - 68

JO - Energy Research & Social Science

JF - Energy Research & Social Science

SN - 2214-6296

M1 - 101654

ER -