Editorial: Economics of the Environment in the Shadow of Coronavirus
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Editorial: Economics of the Environment in the Shadow of Coronavirus Ian J. Bateman1,2 · Astrid Dannenberg3 · Robert Elliott4 · Michael Finus5 · Phoebe Koundouri6 · Katrin Millock7 · Alistair Munro8 · Elizabeth J. Z. Robinson9 · Daniel Rondeau10 · Ingmar Schumacher11 · Eric Strobl12 · Anastasios Xepapadeas13,14 Published online: 4 August 2020 © Springer Nature B.V. 2020
The Coronavirus pandemic is imposing tremendous health impacts around the world. At the time of writing (20th July 2020) there have been nearly 15 million cases worldwide and well over half a million deaths from the Covid-19 disease caused by the virus. The fact that this statement needs to be effectively date-stamped reflects the rapid development of this pernicious virus. While several vaccines are under rapid development, so far it is unclear if any will be truly effective given the ability of the virus to mutate; already the vast majority of Covid-19 cases are caused by a virus which is no longer identical to that which appeared in Wuhan in late 2019. Alongside these truly horrific health consequences, coronavirus and those policy measures put in place to contain its spread, are wreaking havoc upon the global economy, causing a worldwide recession the nature and extent of which has caused analysts to reach for * Ian J. Bateman [email protected] 1
Land, Environment, Economics and Policy (LEEP) Institute, Department of Economics, University of Exeter Business School, Exeter, UK
2
School of Agricultural and Resource Economics, University of Western Australia, Perth, Australia
3
Department of Environmental and Behavioral Economics, University of Kassel, Kassel, Germany
4
Department of Economics, University of Birmingham, Birmingham, UK
5
Department of Economics, University of Graz, Graz, Austria
6
School of Economics and ReSEES Laboratory, Athens University of Economics and Business, Athens, Greece
7
Paris School of Economics, Paris, France
8
The National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan
9
School of Agriculture, Policy and Development, University of Reading, Reading, UK
10
Department of Economics, University of Victoria, Victoria, BC, Canada
11
IPAG Business School, Paris, France
12
Department of Economics, University of Bern, Bern, Switzerland
13
School of Economic Sciences, Athens University of Economics and Business, Athens, Greece
14
Department of Economics, University of Bologna, Bologna, Italy
13
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comparators stretching back to WWII and the Great Depression. The policy response of closing borders and shutting down a substantial fraction of non-essential economic activity in hopes of controlling the outbreak has been surprisingly swift and increasingly global. This has imposed substantial disruptions and huge costs to the world’s economy. As the number of infections worldwide is still growing, it is too early to know how long the combined health and economic crisis will last and what its long-term consequences might be. This combine
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