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Open access Aug 2026

Urban Climate Risk Governance and Corporate Energy Intensity: Evidence From China's Climate Adaptation City Pilots

Climate shocks can raise firms’ energy use by disrupting production, triggering repeated equipment shutdowns and restarts, and requiring temporary operational adjustments. This study examines whether urban adaptation governance reduces these frictions. Using nonfinancial A‐share firms listed in Shanghai and Shenzhen fr...

Shi Liang, Yu-Xin Long, Jun Xiao et al. · 0 citations

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