Work

Extreme climate risk and energy consumption structure

Year: 2025

Type: article

Abstract: Using data from 229 cities in China from 2012 to 2021, we examine the impact of extreme climate risk on the transformation of energy consumption structures. Findings indicate that extreme climate risk negatively affects the transformation of energy consumption structures due to inhibition of industrial structure upgrading and green innovation. However, financial scale and efficiency have a positive moderating effect, highlighting the significance of financial development in mitigating the adverse effects of extreme climate risk.

Source: Finance research letters

DOI: 10.1016/j.frl.2025.107434

Authors: He Du, Chaowen Bi, Jiale Yan

Institutions: Wuxi Institute of Technology, Nanjing University, Shandong Institute of Business and Technology, University of California, Berkeley

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Industry, innovation and infrastructure, Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $3,730