The Consumer Pulse: Extreme Weather Events & Economic Repercussions

Jul 24, 2023

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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.

Key Takeaways

  • 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.