Can the present coronavirus crises provide an opportunity?

Team Veye | 06-Apr-2020 coronavirus crises  opportunity

Even as Australia’s practicing strict social distancing measures resulted in coronavirus infection rate getting halved and curve getting flattened, Prime Minister asked Australians not to be complacent and rather prepare for up to six more months of tough social restrictions as the country moved to the "next phase" of COVID-19 suppression.

As economic activity in much of the world has either slowed down or halted altogether, we are witnessing a world without polluting engines, with factories shutting down and power plants reducing their output and emissions due to the lockdown of around three billion people.

The response to the COVID-19 pandemic is showing that the nations of the world can come together to tackle global challenges. The crisis has also instilled a renewed appreciation of social solidarity.

The current fall in emissions due to the pandemic is providing the world much breathing space to deal with climate change because the dip in carbon emissions could be short-lived and may rebound as industrial activities recover.

Fossil fuel burnings cause carbon emissions which remain in Earth’s upper atmosphere far long enough to act as permanent climate change agents. Climate warming is ultimately leading to droughts, hurricanes, fires and floods getting more intense. The risk exposure to such disasters could be averted with the right preparations.

The climate war can be tackled by governments trying to rebuild economies after the pandemic and further tackle climate change once the economy is kickstarted.

The need to invest in emissions reduction technology by governments could not be more apparent than now. The WHO estimates that by reducing the environmental and social risk factors people are exposed to, global health burden could reduce substantially.

Disclaimer

Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.

veye logo

Grab Your Free Report On 5 ASX Dividend Stocks To Buy In 2024

(+61)