Effect of climate change adaptation on energy productivity: evidence from China
摘要
A simple theoretical model is proposed to predict how climate change adaptation affects energy productivity. Using a longitudinal panel dataset encompassing 251 Chinese cities from 2005 to 2020, this study conducts an empirical assessment of climate change adaptation policy (CCAP) on energy productivity through a quasi-natural experimental framework. Empirical findings suggest that the implementation of CCAP has significantly increased energy productivity, with an estimated effect of approximately 13.3%. Moreover, heterogeneity analysis shows that energy productivity improvements are more pronounced in eastern coastal regions, non-TCZ, and high-temperature cities compared to their counterparts. Finally, mechanism analysis indicates that CCAP increases energy productivity through improved financial inclusion.