Measuring Climate Policy Uncertainty

Konstantinos Gavriilidis

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SSRN Electronic Journal

Article . 2021 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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Measuring Climate Policy Uncertainty

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2021 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Konstantinos Gavriilidis;

doi: 10.2139/ssrn.3847388

Measuring Climate Policy Uncertainty

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Abstract

This study presents a new measure of uncertainty related to climate policy, based on news from major US newspapers. The Climate Policy Uncertainty (CPU) index spikes near important events related to climate policy, such as new emissions legislation, global strikes about climate change and President’s statements about climate policy, among other developments. Our findings suggest that climate policy uncertainty has a strong and negative effect on CO2 emissions.

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University of Stirling
United Kingdom

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