The impact of climate change on activity and prices – insights from a survey of leading firms

Friderike Kuik, Richard Morris and Yiqiao Sun

Economic Bulletin Boxes, 2022, vol. 4

Abstract: This box summarises the findings of a survey of leading firms on the impact of climate change and related measures to green the economy on business, and thus on activity and prices. The survey responses indicate that during the transition to a net-zero economy large companies anticipate significantly higher investment, input costs and price pressures, as well as changes to production and market structures. However, only a small share of respondents expect a significant impact on investment, input cost and prices after the transition. As regards the challenges involved, firms emphasise issues related to the availability of new clean technologies and inputs, followed by concerns about costs and regulation. Firms expect physical risks to have an impact in particular on the agricultural, construction and transport sectors, and on firms in the manufacturing sector with vulnerable supply chains. JEL Classification: C83, M21, E3, Q5

Keywords: Activity; Business; Climate change; Prices; Survey (search for similar items in EconPapers)
Date: 2022-06
Note: 646140
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2022:0004:4

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