Climate Change and Economic Impact: Mitigating Risks and Capitalizing on Emerging Opportunities

A special issue of Risks (ISSN 2227-9091).

Deadline for manuscript submissions: 30 June 2025 | Viewed by 280

Special Issue Editors


E-Mail Website
Guest Editor
Department of Economics and Law, University of Macerata, Piazza Strambi 1, 62100 Macerata, Italy
Interests: high dimensional time-series; endogeneity and volatility implications; Bayesian statistics; forecasting; dynamic panel models
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department of Economics and Law, University of Macerata, Piazza Strambi 1, 62100 Macerata, Italy
Interests: environmental finance; energy policy; statistics

Special Issue Information

Dear Colleagues,

Climate change presents an unprecedented challenge with far-reaching economic implications. As global temperatures rise and weather patterns become increasingly erratic, the economic risks associated with these changes grow more significant. Simultaneously, the transition to a low-carbon economy offers numerous opportunities for innovation, investment, and sustainable growth. This Special Issue aims to explore the intersection of climate change and economic impact, focusing on how advanced statistical-econometric techniques can be utilized to mitigate risks and capitalize on emerging opportunities. The Issue provides a comprehensive overview of current research, practical applications, and policy implications, offering valuable insights for researchers, policymakers, and industry stakeholders.

A critical aspect of understanding the economic impact of climate change is the integration of climate econometric models with economic forecasting tools. This approach combines the expertise of climate science with the analytical power of econometrics to produce models that predict the effects of climate change on economic variables like GDP, employment, and investment. These integrated models are essential for developing informed policy and investment strategies (e.g., multivariate time-series analysis, dynamic panel data, spatial econometric techniques, and so forth).

Topics of interest include, but are not limited to, the econometric analysis of climate policies, risk assessment and management in various sectors, the agricultural sector, the economic modeling of renewable energy adoption, and the impact of climate change on financial markets.

The Guest Editors are Dr. Antonio Pacifico and Dr. Alfonso Carfora, Assistant Professors at the University of Macerata, who bring a wealth of experience and expertise to this Special Issue.

We look forward to receiving your contributions and advancing the understanding of climate change and its economic impact through this important and timely issue.

Dr. Antonio Pacifico
Dr. Alfonso Carfora
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Risks is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • climate change
  • economic impact
  • risk mitigation
  • emerging opportunities
  • sustainable development
  • green economy
  • renewable energy
  • climate policy
  • environmental economics
  • climate resilience

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue policies can be found here.

Published Papers (1 paper)

Order results
Result details
Select all
Export citation of selected articles as:

Research

29 pages, 1872 KiB  
Article
Responding to Climate Policy Risk Through the Dynamic Role of Green Innovation: Evidence from Carbon Information Disclosure in Emerging Markets
by Runyu Liu, Mara Ridhuan Che Abdul Rahman and Ainul Huda Jamil
Risks 2025, 13(5), 92; https://doi.org/10.3390/risks13050092 - 9 May 2025
Abstract
This study investigates how firms in emerging markets respond to climate policy risk, with a particular focus on the dynamic role of green innovation in shaping carbon information disclosure. Using a difference-in-differences (DID) framework, we examine the impact of China’s 2018 carbon reporting [...] Read more.
This study investigates how firms in emerging markets respond to climate policy risk, with a particular focus on the dynamic role of green innovation in shaping carbon information disclosure. Using a difference-in-differences (DID) framework, we examine the impact of China’s 2018 carbon reporting policy, which represents an institutionally significant but non-mandatory regulatory intervention, on the disclosure behaviors of A-share listed firms from 2013 to 2022. The results show that the policy significantly increased firms’ attention to carbon information disclosure, especially among those with limited green innovation capacity. In contrast, firms with stronger innovation capabilities exhibited more stable disclosure practices, suggesting a buffering effect against regulatory uncertainty. Further analysis reveals that the moderating effect of green innovation changes over time, as innovation-oriented firms gradually adjust their disclosure strategies in response to evolving policy expectations. These findings highlight green innovation as a key internal resource that enables firms to strategically adapt to climate policy risks. This study contributes to the literature on climate risk management and corporate sustainability by providing empirical evidence on how dynamic capabilities shape disclosure outcomes and risk management strategies under changing regulatory conditions. Full article
Show Figures

Figure 1

Back to TopTop