 Does climate vulnerability promote green investment under energy supply restriction?Jun Wen, Sen Zhang, Chun-Ping Chang, Donni Anugrah and Yoga Affandi Energy Economics, 2023, vol. 124, issue C Abstract: This research investigates the impact of climate vulnerability on green investment using panel data of 107 countries over the period 1995–2019. We find that climate vulnerability reduces green investment in both climate change mitigation and climate change adaptation technologies. This finding holds up under a series of robustness tests and after taking into consideration the time lag effect, cross-sectional dependence, and endogenous problems. We further present that it is socioeconomic-related climate vulnerability that hinders green investment, whereas physical vulnerability does the opposite. Analyses of moderating channels show that the negative impact of climate vulnerability on green investment is more pronounced in countries with lower levels of adaptation readiness, economic development, and technical innovation, and higher levels of energy supply restriction. Keywords: Climate vulnerability; Green investment; Green technologies; Physical vulnerability (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:124:y:2023:i:c:s0140988323002888 DOI: 10.1016/j.eneco.2023.106790 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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