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Climate change, energy security risk, and clean energy investment

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  • Iyke, Bernard Njindan

Abstract

We examine the impact of climate change on energy security risk and explore the role of clean energy investment in reducing this impact. By exploiting a recently developed historical energy security risk dataset alongside climate change and clean energy investment datasets, we demonstrate that climate change enhances energy security risk. Additionally, we show that investment in clean energy can reduce the impact of climate change on energy security risk. This mitigating effect of clean energy investment is more pronounced in countries with slower population growth, the capacity to invest in robust energy infrastructures, and lower corruption practices. To optimize the role of clean energy investment in reducing the impact of climate change, it is crucial to establish robust energy systems, control population growth, maintain higher environmental standards, and limit corruption practices, among other measures.

Suggested Citation

  • Iyke, Bernard Njindan, 2024. "Climate change, energy security risk, and clean energy investment," Energy Economics, Elsevier, vol. 129(C).
    • Handle: RePEc:eee:eneeco:v:129:y:2024:i:c:s0140988323007235
    DOI: 10.1016/j.eneco.2023.107225
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    More about this item

    Keywords

    Climate change; Clean energy investment; Energy security;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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