Does climate change affects the profitability? Evidence from the Indian energy sector
気候変動は収益性に影響するか？インドのエネルギーセクターからの証拠 (AI 翻訳)
Akshaya A., Poornima S
🤖 gxceed AI 要約
日本語
本研究は、インドの上場エネルギー企業71社（2015-2024年）のパネルデータを用いて、気候変動が企業収益性に与える影響を分析した。固定効果モデルとGMM推定の結果、気温上昇は収益性に有意な正の影響（β=0.134）を与える一方、降水量の増加は収益性を低下させる傾向が示された。新興国における気候リスクとエネルギー企業業績の関連を実証した点が貢献である。
English
This study analyzes the impact of climate change on the profitability of 71 listed Indian energy firms (2015-2024) using panel data. Fixed effects and GMM estimations reveal that temperature rise has a significant positive effect on profitability (β=0.134), while increased precipitation tends to reduce earnings. It provides novel empirical evidence on climate risk and firm performance in an emerging economy.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、気候変動が企業業績に与える影響はTCFD開示やSSBJ対応で注目されている。本研究成果は、気候リスクの定量評価の重要性を示唆し、日本企業の気候シナリオ分析やストレステストの参考になる。ただし、インド特有の気候・市場条件に依存するため、そのまま適用するには注意が必要。
In the global GX context
This study contributes to the global discourse on climate risk and firm performance, particularly in emerging markets. It offers empirical evidence that can inform TCFD/ISSB-aligned scenario analysis and climate risk assessments. The findings highlight the need for sector-specific and region-specific climate risk modeling, which is relevant for global investors and regulators.
👥 読者別の含意
🔬研究者:Provides empirical evidence on climate change impacts on energy firm profitability in an emerging economy, useful for comparative studies.
🏢実務担当者:Offers insights for energy companies in emerging markets to integrate climate risk into financial planning and disclosure.
🏛政策担当者:Highlights the need for climate adaptation policies in the energy sector, relevant for emerging economies.
📄 Abstract（原文）
Purpose Global challenges, particularly the accelerating effects of climate change, have profound implications for individuals, businesses and the environment. The energy sector, encompassing both fossil fuels and renewable sources, plays a pivotal role in the intersection of environmental transformation and economic activity. This study aims to examine the impact of climate change on the performance of energy firms in India. Design/methodology/approach To examine the impact of climate change on the profitability of energy firms, this study comprises 709 annual observations from 71 listed energy firms, spanning the period from 2015 to 2024. This study examines the relationship between climate change and profitability, using fixed effects panel estimation and the two-step system generalised method of moments model as robustness checks for the survey. Findings The study outcome reveals the empirical association between climate change and the profitability of the energy sector in India. The empirical models reveal that temperature change has a significant positive impact on financial performance with (β = 0.134). However, an increase in precipitation leads to a 0.204-unit decrease in earnings. Still, changes in precipitation have an insignificant adverse effect on the economic performance of the energy sector in India. Originality/value While prior studies have extensively explored the economic consequences of climate change across various sectors, limited attention has been given to its impact on energy firm performance in emerging economies. This study addresses this gap by providing empirical evidence from one of the world’s leading energy-consuming economies, offering novel insights into how climate-related uncertainty influences energy market dynamics and firm-level performance.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1108/ijesm-06-2025-0055first seen 2026-08-14 04:56:09
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