- The novel coronavirus has brought the world to a halt, but the environment is benefitting in a big way.
- In an attempt to decrease the rapid spread of COVID-19, economic activity has been hugely limited, resulting in a decline in CO2 emissions, said World Meteorological Department(WMO).
- WMO said that cuts in emissions dosen't mean that the world must stop its fight against climate change.
- Countries practising extreme lockdowns, like Italy and China, have seen the biggest decline.
- The CO2 data shows that the world typically sees an increase in CO2 emissions in the colder months in the Northern Hemisphere. However, this year has been different.
- “We are noticing an interesting development, as CO2 levels are currently increasing at a much slower rate than expected”.
- Though social distancing has been difficult, it has a massively positive impact on CO2 emissions.
RECESSION GDP fall among two consecutive quarters under consideration A natural occurrence and has room in the economic cycle Results are short-run; hence impact can be managed Ex: 1937 UK Recession DEPRESSION GDP fall or significant amount of fall in GDP Does not happen frequently Has a severe impact on economy in the longer run Ex: Great Depression in 1929 which lasted for 10 years

Hii sophiya .... Thanx for the well thoughtout post .
ReplyDeleteVery good article
This is the first time i have commented on someone's blog
It has taken me out of my comfort zone
Growth !!!!!!!🤟
A lot to learn..Working on that btw thanx for commenting.
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