Table 2 Details of extreme weather events.

From: Dynamic information spillover between Chinese carbon and stock markets under extreme weather shocks

Event

Details

Event date

E1:

2016 heavy rainfall

From July 18 to 20, 2016, super heavy rainfall occurred in northern China, with daily rainfall breaking historical extremes in more than 20 cities, and the Hebei Province was the most severely affected.

July 18, 2016

E2:

2018 extreme heat

From July 9 to August 16, 2018, extreme high-temperature weather occurred in many parts of China, with the heat process lasting 39 days and the temperatures consistently exceeding 40°C in many cities. The economies and livelihoods of more than 550 counties were affected by the hot weather.

July 9, 2018

E3:

2021 Henan catastrophic flood

From July 17 to July 21, 2021, the mega-flood occurred in China’s Henan Province caused the death of 302 people, affected more than 13 million people, and caused an economic loss of nearly 100 billion RMB.

July 17, 2021

E4:

2022 extreme heat

On August 13, 2022, a widespread and persistent high-temperature weather process occurred in the east-central region of China. China’s Central Weather Bureau issued the first red alert for high temperatures since the establishment of China’s weather warning mechanism.

August 13, 2022