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Sanna Kurronen (BOFIT) - Economics of Climate Attitudes in Oil-Rich Regions
BOFIT Seminar - Sanna Kurronen (BOFIT) - Economics of Climate Attitudes in Oil-Rich Regions
Abstract
The study aims to identify economic measures that could enhance support for climate change mitigation, particularly in oil-rich communities. Using US county-level data, the research shows that the presence of oil reserves is negatively associated with belief in anthropogenic climate change. Interestingly, a decline in mining income share in oil-rich regions does not correlate with increased support for climate action, indicating that current economic dependence on mining is not the obstacle to more climate action. While existing evidence on the impact of extreme weather events on climate attitudes is mixed, this study presents evidence that rising home insurance costs may convince people of the need for climate policy measures.
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