COVID-19 crisis
COVID-19 with its dramatic scenarios within the platform of 2020.
COVlD-19 is a contagious disease caused by a newly discovered coronavirus. Most people who fall sick with COVID-19 will experience mild to moderate symptoms and recover without special treatment. It was first identified amid an outbreak of respiratory illness cases in Wuhan City, Hubei Province, China. In less than six months COVID-19 has resulted in dramatic changes across the globe, with 8.1 million confirmed infections and over 439,000 deaths. Countries have focused their immediate concerns on addressing the challenge posed by the large number of those infected who need hospitalisation.
Other responses have included utilizing ‘social distancing’, increasing hospital capacity and investing in the development of diagnostics, therapeutics and vaccines. Even with this intensity of focused attention across the world, much remains unknown about the epidemiology of COVID-19.20.
Scenarios provide an inclusive and strategic framework that enables big- picture thinking and support decision- making under uncertainty. Scenarios are designed to be used as a set to explore and navigate what might happen, not what should happen. They help to stress test and design strategies and policy options and facilitate a better-quality strategic dialogue on the future of energy systems.
While it is impossible to predict the future of energy, we can prepare and shape what comes after a crisis. The Council promotes and uses plausibility-based COVID-19 crisis scenarios to prompt leadership conversation on a reallocation of investments, exit strategies and a possible new integrated policy path to enable orderly global energy transition as the world emerges from crisis.
We recognise this moment as unique in recent history as an opportunity to direct investments to global energy transition and to design strategies and policy paths to securing clean, affordable, reliable and equitable energy for all. This time last year, concepts such as “lockdowns,” “mask mandates” and “social distance”.
Today they are part of our everyday language as the COVID-19 pandemic continues to impact all aspects of our lives. Through the following 12charts and graphics, we try to quantify and provide an overview of our colleagues’ research in the face of a truly unprecedented crisis.
This economic fallout is hampering countries ability to respond effectively to the pandemic’s health and economic effects. Even before the spread of COVID-19, almost half of all low-income countries are really ready in debt distress or at a high risk of it, leaving them with little fiscal room to help the poor and vulnerable who were hit hardest.
The pandemic has highlighted the need for effective, accessible and affordable health care. Even before the crisis began, people in developing countries paid over half a trillion dollars out-of-pocket for health care. This costly spending causes financial hardship for more than 900 million people and pushes nearly 90 million people into extreme poverty every year — a dynamic almost certainly exacerbated by the pandemic. health care is just one way that COVID-19 is affecting country’s human capital. Even before the pandemic, the world faced a learning crisis, with 53% of children in Low-and middle-income countries unable to read a basic text on completing primary school. Pandemic-led school closures intensify these risks.