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Physical distancing measures are important tools to control disease spread, especially in the absence of treatments and vaccines. While distancing measures can safeguard public health, they also can profoundly impact the economy and may have important indirect effects on the environment. The extent to which physical distancing measures should be applied therefore depends on the trade-offs between their health benefits and their economic costs.

We review the economic channels by which the COVID-19 pandemic and subsequent policy responses may affect wildlife and biodiversity. The pandemic is put in the context of more than 5,000 disease outbreaks, natural disasters, recessions and armed conflicts in a sample of 21 high biodiversity countries. The most salient feature of the pandemic is its creation of multiple income shocks to rural and coastal households in biodiverse countries, correlated across sectors of activities and spatially. Various research and policy opportunities and challenges are explored.

As our behavioral patterns change due to the COVID-19 crisis, our impact on nature and the environment changes too. Pollution levels are showing significant reductions. People are more aware of the importance of access to local green and blue spaces. By analyzing online search behavior in twenty European countries, we investigate how public awareness of nature and the environment has evolved during the COVID-19 crisis. We find that the crisis goes hand in hand with a positive shift in public awareness of nature-related topics, but that awareness of environmental topics remains unaffected.

Should the economic recovery from the 2019 novel coronavirus disease (COVID-19) be green? The current crisis is so severe that we should not take the answer for granted. It requires serious thought and we start by reviewing some arguments for and against a green approach. A crucial element is of course to see how different industries fare in the current crisis. Our empirical contribution is to examine daily stock returns for firms from the STOXX Europe 600 index.