Using the Wall Street Journal (WSJ) climate news index, this paper investigates the time-varying shock effects of climate news risk on uncertainties, which mainly include energy market uncertainty, economic policy uncertainty and financial market uncertainty. The degree of the effect of climate news risk on uncertainties varies in the short, medium and long terms; the short-term effect is the greatest, followed by the medium- and long-term effects. While climate news risk has a positive effect on economic policy uncertainty, it has a negative e...