• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
EnvironmentCoronavirus

Coronavirus’s unexpected silver lining is revealed in Italy

By
Eric J. Lyman
Eric J. Lyman
Down Arrow Button Icon
By
Eric J. Lyman
Eric J. Lyman
Down Arrow Button Icon
March 19, 2020, 1:27 PM ET
Daily life in Venice, Italy, on March 15, 2020 during the Coronavirus Emergency. Most of the streets around the city are empty and boat traffic is greatly reduced. In the less polluted waters, locals are seeing an abundance of fish. Wire photography:
Daily life in Venice, Italy, on March 15, 2020 during the Coronavirus Emergency. Most of the streets around the city are empty and boat traffic is greatly reduced. In the less polluted waters, locals are seeing an abundance of fish. Wire photography: Giacomo Cosua—NurPhoto via Getty Images
Add Fortune on Google for similar content.

Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business.

If there’s something positive to be found in Italy’s emergency coronavirus orders to lock down 60 million residents, it might reveal itself in a sunset or while peering down at the waterways.

After just a few weeks of shutting down huge portions of the economy, the country’s environmental health already appears to be making a roaring comeback—at a heavy cost, of course.

Measured in lives, the COVID-19 outbreak has had a devastating impact on the country. As of Wednesday’s report from Italian health officials, the outbreak had killed nearly 3,000 with total cases nearing 36,000. In both measures, only China has recorded more. 

A decree from Prime Minister Giuseppe Conte shut down schools, restaurants, bars, tourist sites, offices, cinemas, or any other place where crowds may gather in close proximity. That measure, now being followed in part in other European countries, is ravaging Italy’s economy, which could contract by as much as 15% this year. Social norms have changed, too, as typically social Italians are told to stay far away from one another.

But the environment? It’s doing just fine. 

The impact of a big reduction in vehicle traffic and industrial activity across the economically vibrant northern swath of the country is evident in European Space Agency satellite photos comparing January with March.

Pollution levels in #Italy in January, before the #coronavirus lockdown, and in March, with the #lockdown in full force. This also illustrates how much of Italy's economy is in the north, plus two small blips for #Rome and #Naples. Images from @ESA. #coronavirusItaly #Pollution pic.twitter.com/3S51JW6YvT

— Eric J. Lyman (@EricJLyman) March 17, 2020

Also known as the bel paese, or “beautiful country,” Italy has a vexing air-quality problem, particularly in the industrial Po Valley region where the coronavirus outbreak is at its worst. In recent years, Italians have been ordered to leave their polluting, diesel-powered cars at home on various days as smog levels exceeded health standards. Car traffic these days is at a fraction of what it once was as people have been largely confined to their homes.

Meanwhile, a near shutdown of cruise- and cargo-ship traffic around Italy’s canal city of Venice has resulted in fish returning to the Venice lagoon and canals for the first time in decades.

Italian media credits cleaner air and a lack of foot traffic for a bloom in springtime flowers carpeting Rome’s urban parks, with patches of wild flowers growing to a size normally seen in May.

Wild flowers carpet a park adjacent to the Basilica of Saint Paul Outside the Walls in Rome. Original photography: Bernhard Warner

There are similar reports from Hubei province in China, where the coronavirus outbreak began, and from other parts of the world where lockdowns have been in place for more than a few days. One report estimated that China’s greenhouse gas emissions over the past month are as much as a quarter below normal levels.

While analysts may cheer the numbers, the way we arrived at them is not at all good news—even from an environmental perspective. 

“In a very short span of time we are seeing positive developments that we would welcome under other circumstances,” Christiana Figueres, the UN’s top climate change official until 2016 and the coauthor of a new book on environmental priorities, told Fortune. “But this is not how we want to reach those goals. On their own, these are short-term improvements at best.”

Something similar happened during the 2008–09 global financial crisis when growth in worldwide greenhouse emissions fell by half. It shot back up again when the economy returned to full output.

According to David Turnbull, strategic communications director for Oil Change International, one way to make sure some of these kinds of short-term environmental benefits get locked in is for policymakers to ensure that any economic stimulus packages tied to the coronavirus pandemic stress sustainable development.

“The coronavirus is the biggest problem facing the world today, but before the outbreak, the biggest problem was climate change. And after the outbreak goes away, it will again be climate change,” Turnbull said. “But the desire to face down both problems can come together. Governments should show they can walk and chew gum at the same time by making sure that the trillions of dollars being injected into economies are done in a way that will keep greenhouse gas emissions lower and promote sustainable growth.” 

So far, it seems the opposite may be happening. On Thursday, European Commission officials were reportedly operating under the idea that the coronavirus pandemic is forcing them to “reorder priorities,” meaning that key environmental reforms like biodiversity strategies and anti–food waste measures will likely be put on the back burner. 

That would be a missed opportunity, says Figueres.

“Environmental and anti-coronavirus priorities should be one set of priorities,” she said. “There’s no need to pick between them.”

Andrea Minutolo, head of the research division for the Italian environmental lobby group Legambiente, said the national shutdown in Italy is probably a net-positive from a strictly environmental perspective. But it’s not clear-cut.

“Some of what we have seen is seasonal. And while there is less traffic and less industrial activity because of the lockdown, there is also more home energy use as people stay indoors,” Minutolo told Fortune. “The only way we will get everything pointing in the same direction is to set up the right rules and incentives. That is what the world should be doing as we emerge from this crisis.”

More must-read stories from Fortune:

—How to prepare your personal finances for a coronavirus recession
—The Fed made a bold move to calm shaky markets. But is it enough?
—Why return CEOs are usually bad news for a company’s stock
—Dormant PayPal Credit accounts are coming back to hurt credit scores
—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEOs
—WATCH: What’s causing the looming recession

Subscribe to Fortune’s Bull Sheet for no-nonsense finance news and analysis daily.

About the Author
By Eric J. Lyman
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Environment

bird
EnvironmentAnimals
The rare ‘great conservation success story’ is happening off New England as $10 million over 10 years brings back the quirky oystercatcher bird
By Michael Casey and The Associated PressJuly 21, 2026
4 hours ago
k
Commentarypower
What I keep hearing from Fortune 500 CEOs: ‘We have no idea what we’re actually paying for power’
By Kiran BhatrajuJuly 21, 2026
5 hours ago
FIFA President Gianni Infantino puts up a hand to show a thumbs up gesture at a World Cup game.
EnvironmentWorld Cup
FIFA President Infantino spent over 100 hours in the air during the 2026 World Cup amid pledge to reduce carbon emissions
By The Associated Press and Rio YamatJuly 20, 2026
20 hours ago
Infantino’s 60,000-mile World Cup odyssey — the FIFA chief’s whopping private jet trips don’t even include the funeral in Qatar
Travel & LeisureAir Travel
Infantino’s 60,000-mile World Cup odyssey — the FIFA chief’s whopping private jet trips don’t even include the funeral in Qatar
By Rio Yamat and The Associated PressJuly 19, 2026
2 days ago
phone
EnvironmentMarketing
Why Friday afternoon is the worst time to shop online — and marketers know the window when your guard is down
By Matthew Pittman and The ConversationJuly 19, 2026
2 days ago
data
AIData centers
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
By Aaron Walayat and The ConversationJuly 19, 2026
2 days ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
22 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
1 day ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago
Current price of silver as of Monday, July 20, 2026
Personal Finance
Current price of silver as of Monday, July 20, 2026
By Joseph HostetlerJuly 20, 2026
1 day ago
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
Retail
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
By Sasha RogelbergJuly 20, 2026
1 day ago
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
Economy
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
By Jason MaJuly 20, 2026
24 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.