The panacea of heatwaves: Can climate finance mitigate heatwave welfare costs?

IF 4.2 1区地球科学 Q1 GEOSCIENCES, MULTIDISCIPLINARY

International journal of disaster risk reduction Pub Date : 2025-02-01 DOI:10.1016/j.ijdrr.2025.105197

Congyu Zhao , Kangyin Dong , Rabindra Nepal , Kerstin K. Zander

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Abstract

This paper investigates the impact of climate finance on heatwave welfare costs using a panel dataset covering 137 countries for the period 2005–2019. We also delve into gender heterogeneity in the nexus between climate finance and heatwave welfare costs, as well as the moderating and mediation effects. We first find that climate finance significantly contributes to reducing heatwave welfare costs, indicating it is a vital means of mitigating the adverse effects of heatwaves. Specifically, a one standard deviation increase in climate finance results in a 0.08 standard deviation decrease in these costs. Second, a gender heterogeneity analysis reveals that climate finance has a more pronounced effect in reducing welfare costs for males compared to females. Third, urbanization and effective governance further amplify the impact of climate finance on lowering heatwave welfare costs. Fourth, the development of industrial robots is identified as an important mechanism, suggesting that climate finance promotes industrial robot development, which further alleviates heatwave welfare costs.

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来源期刊

International journal of disaster risk reduction GEOSCIENCES, MULTIDISCIPLINARYMETEOROLOGY-METEOROLOGY & ATMOSPHERIC SCIENCES

CiteScore

8.70

自引率

18.00%

发文量

688

审稿时长

79 days

期刊介绍： The International Journal of Disaster Risk Reduction (IJDRR) is the journal for researchers, policymakers and practitioners across diverse disciplines: earth sciences and their implications; environmental sciences; engineering; urban studies; geography; and the social sciences. IJDRR publishes fundamental and applied research, critical reviews, policy papers and case studies with a particular focus on multi-disciplinary research that aims to reduce the impact of natural, technological, social and intentional disasters. IJDRR stimulates exchange of ideas and knowledge transfer on disaster research, mitigation, adaptation, prevention and risk reduction at all geographical scales: local, national and international. Key topics:- -multifaceted disaster and cascading disasters -the development of disaster risk reduction strategies and techniques -discussion and development of effective warning and educational systems for risk management at all levels -disasters associated with climate change -vulnerability analysis and vulnerability trends -emerging risks -resilience against disasters. The journal particularly encourages papers that approach risk from a multi-disciplinary perspective.