Volume 16: Low Carbon Cities and Urban Energy Systems: Part V

Measuring Policy Uncertainty Under Climate Change Boqiang Lin, Hengsong Zhao

Abstract

In this study, we construct a new climate change policy uncertainty based on the newspaper data for four major countries (China, India, USA and UK). We show some common features of the CPU index. The CPU index of the four countries are highly correlated. And the CPU may fluctuate with economic policy uncertainty and have counter-cyclical characteristics. Our findings can provide some insights for understanding climate policy.

Keywords Policy Uncertainty, Climate Change, Economic Cycle