How does COVID-19 pandemic affect CO2 emissions? Use appropriate model and diagram to explain it. (Hint: Positive externality)
In the short run, do you think the benefits of the cleaner atmosphere is important?
Covid19 pandemic has led to increased lockdowns and restrictions on vehicle and commute and thus reduced pollution and CO2 Emissions causing positive externality which has prevented environmental degradation and boosted ecological balance.
In short run benefits of cleaner atmosphere are important as it leads to safer health care, better quality of living standards, lower health hazards and decrease in risk of Contagious disease.
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