CLIMATE VULNERABILITY PROMOTE MORE GREEN INVESTMENT?

Sen Zhanga, Chun-Ping Chang (), Donny Fajar Anugrah () and Yoga Affandi
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Chun-Ping Chang: Shih Chien University
Donny Fajar Anugrah: Bank Indonesia

No WP/12/2022, Working Papers from Bank Indonesia

Abstract: 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.

Keywords: climate vulnerability; green investment; green technologies; physical vulnerability (search for similar items in EconPapers)
JEL-codes: Q54 Q55 Q56 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2022
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-sea
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http://publication-bi.org/repec/idn/wpaper/WP122022.pdf First version, 2022 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:idn:wpaper:wp122022

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