Nowadays, global warming and climate change have had a huge impact on all parts of the world, and the number and scope of affected areas are still expanding. Climate risk is affecting the stability of the social and economic system and human property security. The socio-economic impact of climate risk may be nonlinear and has strong uncertainty over time. Predictably, climate change has broken through the system threshold and then produced a chain effect, which is already impacting nearly every subsystem of the economic system, covering infrastructure, energy, agriculture, industry, and business. Therefore, it is of great importance to understand the essential impacts of climate risk on the whole economic system and explore the potential influence channels, especially, the new evidence in the post-COVID-19 era.
Although climate risk has caused such a great impact on the world, people's attention is only focused on physical damage, and the research on the mechanism of economic impact is still preliminary. The potential direct and indirect economic impacts of climate risk are wide-ranging and non-negligible. However, for regulators, it's now far away to know clearly how different types of climate risk could interact with the real economy. When the climate transition risk is superimposed with the climate physical risk, its impact on the economic system is more difficult to be estimated and predicted. Therefore, providing the answer on the mechanism and channels of the economic impact of climate risk, especially under the background of COVID-19 and global carbon neutralization, will provide useful decision-making reference for policymakers to strengthen systematic risk management and prevent further climate warming and risk intensification.
This Research Topic aims at gathering high-quality, original research papers, which serve as a summary of what we learn about the aforementioned theme, and also provide a foundation for further research in this direction. The general topics of this Research Topic (not limited) are:
1. Climate risk measure
2. Driving force of climate risk
3. Big data and climate risk monitoring
4. Climate transition risk and environmental impact
5. Climate risk and economic system stability
6. Climate risk management
Nowadays, global warming and climate change have had a huge impact on all parts of the world, and the number and scope of affected areas are still expanding. Climate risk is affecting the stability of the social and economic system and human property security. The socio-economic impact of climate risk may be nonlinear and has strong uncertainty over time. Predictably, climate change has broken through the system threshold and then produced a chain effect, which is already impacting nearly every subsystem of the economic system, covering infrastructure, energy, agriculture, industry, and business. Therefore, it is of great importance to understand the essential impacts of climate risk on the whole economic system and explore the potential influence channels, especially, the new evidence in the post-COVID-19 era.
Although climate risk has caused such a great impact on the world, people's attention is only focused on physical damage, and the research on the mechanism of economic impact is still preliminary. The potential direct and indirect economic impacts of climate risk are wide-ranging and non-negligible. However, for regulators, it's now far away to know clearly how different types of climate risk could interact with the real economy. When the climate transition risk is superimposed with the climate physical risk, its impact on the economic system is more difficult to be estimated and predicted. Therefore, providing the answer on the mechanism and channels of the economic impact of climate risk, especially under the background of COVID-19 and global carbon neutralization, will provide useful decision-making reference for policymakers to strengthen systematic risk management and prevent further climate warming and risk intensification.
This Research Topic aims at gathering high-quality, original research papers, which serve as a summary of what we learn about the aforementioned theme, and also provide a foundation for further research in this direction. The general topics of this Research Topic (not limited) are:
1. Climate risk measure
2. Driving force of climate risk
3. Big data and climate risk monitoring
4. Climate transition risk and environmental impact
5. Climate risk and economic system stability
6. Climate risk management
