The Corona Virus should accelerate a carbon transition for developing economies

Synopsis: The coronavirus, (Covid-19) has spread to several continents and Italy has in recent days become Europe’s worst-affected country. Whilst the humanitarian costs leave little to desire, the economic impact has halted manufacturing supply chains across China and the world, caused imports of crude oil to fall by 25% and global economic activity to slow. In the meantime, central banks have cut interest rates in an attempt to reduce the adverse effects of a slowing global economy. Rather than stimulate domestic…