Equitable vaccine distribution promotes socioeconomic benefits globally (preprint)

Ensuring a more equitable distribution of vaccines worldwide is an effective strategy to control the COVID-19 pandemic and support global economic recovery. Here, we analyze the socioeconomic effects - defined as health gains, lockdown-easing benefit, and supply-chain rebuilding benefit - of a set of idealized vaccine distribution scenarios, by coupling an epidemiological model with a global trade-modeling framework. We find that overall a perfectly equitable vaccine distribution across the world (Altruistic Age-informed Distribution Strategy) would increase global economic benefits by 11.7% ($950 billion) per year, compared to a strategy focusing on vaccinating the entire population within vaccine-producing countries first and then distributing vaccines to non-vaccine-producing countries (Selfish Distribution Strategy). With limited doses among mid- and low-income countries, prioritizing the elderly who are at high risk of dying, together with the key workforce who are at high risk of exposure, is found to be economically beneficial. We further show that such a strategy would cascade the protection to other production sectors while rebuilding the supply chains. Our results point to a benefit-sharing mechanism which highlights the potential of collaboration between vaccine-producing and other countries to guide an economically preferable vaccine distribution worldwide.

Satellite-based estimates of decline and rebound in China's CO$_2$ emissions during COVID-19 pandemic (preprint)

Changes in CO$_2$ emissions during the COVID-19 pandemic have been estimated from indicators on activities like transportation and electricity generation. Here, we instead use satellite observations together with bottom-up information to track the daily dynamics of CO$_2$ emissions during the pandemic. Unlike activity data, our observation-based analysis can be independently evaluated and can provide more detailed insights into spatially-explicit changes. Specifically, we use TROPOMI observations of NO$_2$ to deduce ten-day moving averages of NO$_x$ and CO$_2$ emissions over China, differentiating emissions by sector and province. Between January and April 2020, China's CO$_2$ emissions fell by 11.5% compared to the same period in 2019, but emissions have since rebounded to pre-pandemic levels owing to the fast economic recovery in provinces where industrial activity is concentrated.

COVID-19 causes record decline in global CO2 emissions (preprint)

The considerable cessation of human activities during the COVID-19 pandemic has affected global energy use and CO2 emissions. Here we show the unprecedented decrease in global fossil CO2 emissions from January to April 2020 was of 7.8% (938 Mt CO2 with a +6.8% of 2-{\sigma} uncertainty) when compared with the period last year. In addition other emerging estimates of COVID impacts based on monthly energy supply or estimated parameters, this study contributes to another step that constructed the near-real-time daily CO2 emission inventories based on activity from power generation (for 29 countries), industry (for 73 countries), road transportation (for 406 cities), aviation and maritime transportation and commercial and residential sectors emissions (for 206 countries). The estimates distinguished the decline of CO2 due to COVID-19 from the daily, weekly and seasonal variations as well as the holiday events. The COVID-related decreases in CO2 emissions in road transportation (340.4 Mt CO2, -15.5%), power (292.5 Mt CO2, -6.4% compared to 2019), industry (136.2 Mt CO2, -4.4%), aviation (92.8 Mt CO2, -28.9%), residential (43.4 Mt CO2, -2.7%), and international shipping (35.9Mt CO2, -15%). Regionally, decreases in China were the largest and earliest (234.5 Mt CO2,-6.9%), followed by Europe (EU-27 & UK) (138.3 Mt CO2, -12.0%) and the U.S. (162.4 Mt CO2, -9.5%). The declines of CO2 are consistent with regional nitrogen oxides concentrations observed by satellites and ground-based networks, but the calculated signal of emissions decreases (about 1Gt CO2) will have little impacts (less than 0.13ppm by April 30, 2020) on the overserved global CO2 concertation. However, with observed fast CO2 recovery in China and partial re-opening globally, our findings suggest the longer-term effects on CO2 emissions are unknown and should be carefully monitored using multiple measures.

Global economic footprint of the COVID-19 pandemic (preprint)

Countries around the world have sought to stop the spread of the 2019 novel coronavirus (COVID-19) by severely restricting travel and in-person commercial activities. Here, we analyse the economic footprint of such “lockdowns” using detailed datasets of global supply chains and a set of pandemic scenarios. We find that COVID-related economic losses are largely dependent on the number of countries imposing lockdowns, and that losses are more sensitive to the duration of a lockdown that its strictness—suggesting that more severe restrictions can reduce economic damages if they successfully shorten the duration of a lockdown. Our results also highlight several key vulnerabilities in global supply chains: Even countries that are not directly affected by COVID-19 can experience large losses (e.g., >20% of their GDP)—with such cascading impacts often occurring in low- and middle-income countries. Open and highly-specialized economies suffer particularly large losses (e.g., energy-exporting Central Asian countries or tourism-focused Caribbean countries). Supply bottlenecks and declines in consumer demand lead to especially large losses in globalized sectors such as electronics (production decreases of 13-53% across our scenarios) and automobiles (2-49%). Although retrospective analyses will undoubtedly provide further policy-relevant insights, our findings already imply that earlier, stricter, and thus shorter lockdowns are likely to minimize overall economic damages, and that global supply chains will magnify economic losses in some countries and industry sectors regardless of direct effects of the coronavirus.