Exploring the Impacts of the COVID-19 Pandemic on Algeria's Energy Used and Climate Change Based on Olduvai Theory

Abstract

The Death of Industrial Civilization explains how the contemporary ecological crisis within industrial society is caused by the values inherent in unlimited economic growth and competitive materialism. It demonstrates the central role and importance of electricity, and what policy makers need to do in order to ensure that current and future systems remain reliable even as they are transformed by the rise of clean energy technologies. The novel COVID19 pandemic has created an unprecedented global health and economic crisis. The result of such a scenario is that energy demand contracts by 6%, the largest in 70 years in percentage terms and the largest ever in absolute terms. The impact of Covid19 on energy demand in 2020 would be more than seven times larger than the impact of the 2008 financial crisis on global energy demand and this is what the Olduvai theory is defined by e=energy production/population. It states that the life expectancy of Industrial Civilization is less than or equal to 100 years.

The impact of economic growth and energy consumption on CO2 emissions in Algeria

“…Algeria's economy is heavily reliant on revenues generated from its hydrocarbon sector, which account for about 30% of the country's Gross Domestic Product, more than 95% of export earnings, and 60% of budget revenues, according to the International Monetary Fund. [6] Analyzing the relationship between energy and economic development from the perspective of economics, there are mainly two aspects; first, the economic development is dependent on energy. That is, the economic development is inseparable from energy.…”