Populism, Polarization and Green Investment

Anders Anderson and David Robinson

No 32131, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We use detailed, individual-level, panel data to relate growing political polarization to (i) changing beliefs about the pace of global warming and (ii) the propensity to make climate-friendly investment decisions. Individuals in our study were exogenously exposed to forest fires to varying degrees in the summer of 2018. While exposure increased the perceived pace of climate change on average, the response is attenuated in areas experiencing increases in right-wing populism, especially when local environmental media coverage was stronger. Changing beliefs also predict climate-friendly investment, but this is heavily mediated by the same political dynamics.

JEL-codes: G40 G51 G53 Q54 (search for similar items in EconPapers)
Date: 2024-02
New Economics Papers: this item is included in nep-ene and nep-env
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