Climate Change and Energy Security Risk: Do Green Patents, Institutional Quality, and Human Capital Make a Difference?
Climate change poses a significant threat to global energy
security, yet the mechanisms through which this relationship unfolds—and the
factors that buffer their adverse impacts—remain underexplored. This study
examines the link between climate change, proxied by CO2 emissions, and energy
security risk (ESR), with a particular focus on the mediating roles of green
patent, institutional quality, and human capital. Utilizing a newly compiled
historical dataset encompassing ESR and climate indicators, and applying a
suite of robust empirical strategies—including sensitivity tests, alternative
variable specifications, and instrumental variable techniques—we provide
compelling evidence that rising CO2 emissions substantially elevate ESR across
GCC countries between 1990 and 2023.