IDEAS home Printed from https://ideas.repec.org/a/bla/jecsur/v39y2025i4p1795-1822.html
   My bibliography  Save this article

Climate risk analysis: Definitions, measurements, strategies, and sectoral impacts

Author

Listed:
  • Shupei Huang
  • Samuel Vigne
  • Dingjun Yao
  • Xin Xu

Abstract

The paper reviews and integrates the definitions, measurement techniques of climate risk, and its economic, social, and financial impacts. It systematizes the various dimensions of climate risk, including climate transition risks and physical risks, and how these risks are defined and understood in the current literature. The paper compiles the methodologies used to measure climate risks, highlighting innovative approaches such as big data analytics, machine learning, and complex network models. Additionally, it assesses the societal impacts of climate change, examining how different sectors, including agriculture, energy, transportation, and finance, are affected. By synthesizing findings from a broad range of studies, this review provides a detailed understanding of the multifaceted nature of climate risk and offers insights into effective risk management strategies. Significantly, this research serves as a crucial theoretical foundation for policymakers in formulating policies to combat climate change and for industry practitioners in devising investment strategies, thus providing practical implications that are essential for mitigating the adverse effects of climate change on society. The paper aims to be a valuable resource for those working in this area.

Suggested Citation

  • Shupei Huang & Samuel Vigne & Dingjun Yao & Xin Xu, 2025. "Climate risk analysis: Definitions, measurements, strategies, and sectoral impacts," Journal of Economic Surveys, Wiley Blackwell, vol. 39(4), pages 1795-1822, September.
    • Handle: RePEc:bla:jecsur:v:39:y:2025:i:4:p:1795-1822
    DOI: 10.1111/joes.12673
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/joes.12673
    Download Restriction: no
    File URL: https://libkey.io/10.1111/joes.12673?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jecsur:v:39:y:2025:i:4:p:1795-1822. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.