Evolution of green finance and its enablers: A bibliometric analysis

S. Bhatnagar and D. Sharma

Renewable and Sustainable Energy Reviews, 2022, vol. 162, issue C

Abstract: The concept of “Green Finance” (GF) has evolved over a period of time in accordance with the aspirations of the economies. Growing global concern towards environment protection, climate change mitigation and adaptation has directed the attention of academic researchers and policymakers towards GF, which is an initiative of economies for innovative and sustainable transition on their financial systems. The present study aims to conduct a bibliometric analysis for exploring the growth and academic evolution of GF concept. The academic literature is surveyed from the Scopus database during the period 1997–2021 (February). The intellectual structure and bibliographic analysis of the selected articles is done using VoS Viewer and Bibliometrix R Package. Several inclusion and exclusion criteria is applied to ensure precision in the results obtained. The study has also attempted to identify the enablers of GF by reviewing articles published during the period 2018–2021(February). The identified enablers are classified into 10 broad parameters namely; macroeconomic enablers, development of regulatory structure, making investment environment conducive, capacity building, increase in the levels and forms institutional engagement, technology and technological advancements, financial instruments, financial policies and regulations, well-developed capital market and supportive political environment. This study is one of the preliminary attempts to study the growth and evolution of GF and its enablers. It thus contributes to the literature on GF and provides scope of further research in the given field.

Keywords: Green finance; Climate finance; Green bonds; Renewable energy finance; Sustainable finance; Climate change; Bibliometric analysis; Enablers (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (18)

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DOI: 10.1016/j.rser.2022.112405

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