An Overview of the Evolution in the Research Landscape of Green Finance

Xin Yun and Yang Hu ()
Additional contact information
Xin Yun: SILC Business School, Shanghai University, Shanghai 200444, China
Yang Hu: SILC Business School, Shanghai University, Shanghai 200444, China

World, 2024, vol. 5, issue 4, 1-32

Abstract: Driven by growing demands for environmental protection and sustainable development, green finance has gained increasing attention, evolving from a peripheral topic to a core research area. Research in green finance primarily focuses on financial products, services, and policies, analyzing their impacts on society, markets, and listed companies. Through a systematic literature screening and analysis process, this study reviewed the existing body of literature on green finance, with a particular emphasis on key areas such as green financing, green financial technology, green financial products and derivatives, green building, financial reform and innovation in green finance, and carbon trading markets. Using keywords such as “green finance”, “green insurance”, “green securities”, and “green investment”, we identified 15,487 relevant publications from 2014 to 2023 across multiple databases. We then applied Latent Semantic Indexing (LSI) to cluster these documents, identifying core subfields and conducting a detailed bibliometric analysis. Our results reveal a geographic shift in green finance research prominence from the U.S. to China, with a thematic shift from green building and energy efficiency to green bonds and climate finance. Through our analysis, we provide policy recommendations informed by these findings. This study’s unique contribution lies in its systematic extension of bibliometric analysis into emerging subfields of green finance, such as green financial technology and carbon trading markets, both of which are becoming increasingly critical. Additionally, this study offers valuable insights into the evolving landscape of green finance research, bridging the gap between academic research and industry practice and providing actionable policy recommendations for stakeholders across different sectors.

Keywords: green finance; bibliometric analysis; co-citation analysis; carbon trading market (search for similar items in EconPapers)
JEL-codes: G15 G17 G18 L21 L22 L25 L26 Q42 Q43 Q47 Q48 R51 R52 R58 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2673-4060/5/4/68/pdf (application/pdf)
https://www.mdpi.com/2673-4060/5/4/68/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jworld:v:5:y:2024:i:4:p:68-1366:d:1540042

Access Statistics for this article

World is currently edited by Ms. Cassie Hu

More articles in World from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().