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In July 2023, Global X Research surveyed 1,087 individuals in the United States regarding the impact and significance of extreme weather events. This encompasses a range of topics, including exploring the potential link between extreme weather events and their economic ramifications. Additionally, it delves into how these events can influence consumers' personal choices.

The majority of respondents (81%) feel extreme weather events and economic strain are correlated.
 

In the Northeast (85%), individuals view extreme weather events and economic strain as at least moderately correlated, followed by the West (84%), then the South (75%), and lastly the Midwest (68%).
 

86% of respondents in the Northeast are concerned or very concerned about climate change, followed by 82% in the West.
 

74% in the South identify as concerned or very concerned, while that number drops to 71% in the Midwest.
 

Among those concerned about climate change, new extreme weather events most significantly impact the Northeast.

Over half of surveyed individuals are more conscientious about sustainable consumption to mitigate extreme weather.

The most common clean technology individuals use in the home is a smart thermostat (39%), followed by solar panels (23%) and electric vehicle chargers (19%).

As consumers, survey respondents try to combat climate change through recycling (56%), followed by mindful food consumption (48%), and limiting their carbon footprint (34%).

Nearly 7 in 10 respondents are either very familiar or somewhat familiar with the term Climate Tech.
 

Of those who are familiar with Climate Tech, nearly two-thirds are interested in investing in Climate Tech.
 

According to survey respondents, the most common clean energy initiatives are Electric Vehicle Incentives (46%), followed by the Paris Agreement (39%), and Renewable Energy and Clean Tech Tax Credits (34%).

Click here to download the Global X ETFs July 2023 Consumer Pulse Survey: Extreme Weather Events & Economic Repercussions.

As the energy transition continues to gain speed, we expect that companies throughout the renewable energy value chain can potentially benefit.

Renewable and nuclear may appear unrelated, yet their low-carbon nature makes them vital to the energy transition, and innovative technologies may combine both.