A Review of the Global Climate Finance Literature

Roy Kouwenberg and Chenglong Zheng
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Chenglong Zheng: Center for Research on Sustainable Leadership, College of Management, Mahidol University, Bangkok 10400, Thailand

Sustainability, 2023, vol. 15, issue 2, 1-32

Abstract: This study conducts a bibliometric analysis and literature review of studies on climate finance. Since the Paris Agreement was adopted in December 2015, the academic community has paid closer attention to this emerging topic, as witnessed by a sharp increase in the number of publications. Our review lists this field’s most influential publications, authors, and journals, based on citations. The bibliometric analysis highlights the multidisciplinary nature of climate finance research, which spans environmental science, energy, economics, and finance. The citation analysis also reveals that, despite the exponential growth in publications related to climate finance, leading journals in finance and economics have so far published only a small number of articles in this literature. In addition, the citation analysis identifies four main themes in the knowledge domain: the financing of renewable energy; the impacts of climate change risks on the financial sector; investor preferences for green investments and the impact on corporations; and the pricing and hedging of climate change risk in financial markets.

Keywords: climate finance; climate change; green finance; bibliometric review (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:2:p:1255-:d:1030153

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