Does Geopolitical Risk Accelerate Climate Vulnerability? New Evidence from the European Green Deal

Kangyin Dong (), Senmiao Yang (), Jianda Wang (), Rabindra Nepal and Tooraj Jamasb
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Senmiao Yang: International Business Strategy Institute, University of International Business and Economics, Beijing 100029, China
Jianda Wang: Department of Industrial and Systems Engineering, The Hong Kong Polytechnic University, Hong Kong, China

No 15-2024, Working Papers from Copenhagen Business School, Department of Economics

Abstract: This paper studies 41 countries from 1995 to 2021 and uses the European Green Deal (EGD) as an example to explore the impact of policy intervention on the relationship between geopolitical risk and climate vulnerability. The main findings show that: (1) Geopolitical risk can exacerbate climate vulnerability, primarily manifested in negative impacts on food, water, health, and ecosystems. (2) Green transition and green investment can mitigate the adverse impact of geopolitical risk on climate vulnerability. (3) The positive effect of the EGD on the green transition and green investment can further mitigate climate vulnerability caused by geopolitical conflicts. This study provides practical approaches and references for policymakers to reduce the impact of geopolitical conflicts and enhance climate resilience.

Keywords: The European Green Deal; Geopolitical risk; Climate vulnerability; Green transition; Green investment (search for similar items in EconPapers)
JEL-codes: C33 O19 Q54 Q56 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2024-10-30
New Economics Papers: this item is included in nep-agr, nep-eec, nep-ene and nep-env
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