European Business Schools Librarian's Group
Working Papers,
Copenhagen Business School, Department of Economics
No 15-2024: Does Geopolitical Risk Accelerate Climate Vulnerability? New Evidence from the European Green Deal
Kangyin Dong (), Senmiao Yang (), Jianda Wang (), Rabindra Nepal () and Tooraj Jamasb ()
Additional contact information
Kangyin Dong: School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China
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
Rabindra Nepal: School of Business, Faculty of Business and Law, University of Wollongong, Australia
Tooraj Jamasb: Department of Economics, Copenhagen Business School, Postal: Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1. floor, DK-2000 Frederiksberg, Denmark
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
Language: English
45 pages, October 30, 2024
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