Measuring Climate Policy Uncertainty

Gavriilidis, Konstantinos

doi:10.2139/ssrn.3847388

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Measuring Climate Policy Uncertainty

9 Pages Posted: 18 May 2021

See all articles by Konstantinos Gavriilidis

Konstantinos Gavriilidis

University of Stirling

Date Written: May 16, 2021

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.

Keywords: Climate policy uncertainty, CPU index, CO2 emissions

JEL Classification: G12, G18, Q5

Suggested Citation: Suggested Citation

Gavriilidis, Konstantinos, Measuring Climate Policy Uncertainty (May 16, 2021). Available at SSRN: https://ssrn.com/abstract=3847388 or http://dx.doi.org/10.2139/ssrn.3847388