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The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China
The COVID-19 pandemic created enormous uncertainty for achieving the sustainable development goals in waste management. China implemented a number of new policies recently to encourage waste-to-energy (WTE) and waste-to-material (WTM) industry, which was also impacted by the spread of COVID-19, whil...
Autores principales: | , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Ltd.
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9761599/ https://www.ncbi.nlm.nih.gov/pubmed/36567792 http://dx.doi.org/10.1016/j.rser.2020.110693 |
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author | Zhou, Chuanbin Yang, Guang Ma, Shijun Liu, Yijie Zhao, Zhilan |
author_facet | Zhou, Chuanbin Yang, Guang Ma, Shijun Liu, Yijie Zhao, Zhilan |
author_sort | Zhou, Chuanbin |
collection | PubMed |
description | The COVID-19 pandemic created enormous uncertainty for achieving the sustainable development goals in waste management. China implemented a number of new policies recently to encourage waste-to-energy (WTE) and waste-to-material (WTM) industry, which was also impacted by the spread of COVID-19, while the impact on the solid waste industry was merely discussed. In this work, the quarter-level financial statement data of thirty listed companies in Chinese Stock Market were analyzed by applying ARIMA intervention analysis, moreover, a system dynamic model was established for examining the impacting pathway of the pandemic. Main results are: (1) the total annual turnover of total solid waste industry increased by 28.2 times in recent 14 years, however, the estimated turnover of solid waste industry in 2020 dropped around 55.8 billion CNY; (2) the WTE industry kept growing (+21%), the WTM industry dropped significantly (−28%), while the waste disposal industry and other solid waste industry varied slightly (−10% and +9%), comparing their turnovers in 2019 and 2020; (3) the average trade-prices of the secondary materials during the COVID-19 pandemic were only 43.4%–85.8% of the maximum price from 2017 to 2019, resulting in the decline of the WTM industry. Considering a possible sluggish growth of the solid waste industry, the waste separation and zero waste programs in China may meet non-trivial challenges in the future. Policy implications are put forward, such as quantitative simulating the long-term impact, increasing investment and incentive on waste recycling, and building an internal circulation system for waste management. |
format | Online Article Text |
id | pubmed-9761599 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Elsevier Ltd. |
record_format | MEDLINE/PubMed |
spelling | pubmed-97615992022-12-19 The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China Zhou, Chuanbin Yang, Guang Ma, Shijun Liu, Yijie Zhao, Zhilan Renew Sustain Energy Rev Article The COVID-19 pandemic created enormous uncertainty for achieving the sustainable development goals in waste management. China implemented a number of new policies recently to encourage waste-to-energy (WTE) and waste-to-material (WTM) industry, which was also impacted by the spread of COVID-19, while the impact on the solid waste industry was merely discussed. In this work, the quarter-level financial statement data of thirty listed companies in Chinese Stock Market were analyzed by applying ARIMA intervention analysis, moreover, a system dynamic model was established for examining the impacting pathway of the pandemic. Main results are: (1) the total annual turnover of total solid waste industry increased by 28.2 times in recent 14 years, however, the estimated turnover of solid waste industry in 2020 dropped around 55.8 billion CNY; (2) the WTE industry kept growing (+21%), the WTM industry dropped significantly (−28%), while the waste disposal industry and other solid waste industry varied slightly (−10% and +9%), comparing their turnovers in 2019 and 2020; (3) the average trade-prices of the secondary materials during the COVID-19 pandemic were only 43.4%–85.8% of the maximum price from 2017 to 2019, resulting in the decline of the WTM industry. Considering a possible sluggish growth of the solid waste industry, the waste separation and zero waste programs in China may meet non-trivial challenges in the future. Policy implications are put forward, such as quantitative simulating the long-term impact, increasing investment and incentive on waste recycling, and building an internal circulation system for waste management. Elsevier Ltd. 2021-04 2021-01-06 /pmc/articles/PMC9761599/ /pubmed/36567792 http://dx.doi.org/10.1016/j.rser.2020.110693 Text en © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Zhou, Chuanbin Yang, Guang Ma, Shijun Liu, Yijie Zhao, Zhilan The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China |
title | The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China |
title_full | The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China |
title_fullStr | The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China |
title_full_unstemmed | The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China |
title_short | The impact of the COVID-19 pandemic on waste-to-energy and waste-to-material industry in China |
title_sort | impact of the covid-19 pandemic on waste-to-energy and waste-to-material industry in china |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9761599/ https://www.ncbi.nlm.nih.gov/pubmed/36567792 http://dx.doi.org/10.1016/j.rser.2020.110693 |
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