We assess the effect of the COVID-19 pandemic on global fossil fuel consumption and CO2 emissions over the two …-year horizon 2020Q1-2021Q4. We apply a global vector autoregressive (GVAR) model, which captures complex spatial …, including global fossil fuel prices for 32 major CO2 emitting countries in 1984-2019. We produce forecasts of coal, natural gas …

The shock to the global economy from COVID-19 is predicted to be faster and more severe than the 2008 global financial … crisis and even the Great Depression. We assess its impact on global fossil fuel consumption and CO2 emissions over a two …-year horizon. For this purpose we employ a global vector autoregressive (GVAR) model, which captures complex spatial …