The Role of Corporate Financial Strategy in Sustainable Energy Transition: A Systematic Review
Chukwukaelo Uche
Additional contact information
Chukwukaelo Uche: SLB Nigeria Limited, Nigeria and University of Lagos, Nigeria.
Post-Print from HAL
Abstract:
Corporate finance strategies are emerging as major facilitators of the global energy transition as people become more aware of climate change and the need for sustainability. This article investigates the role of corporate finance in aiding the transition from traditional fossil fuels to renewable energy sources. The study examines the use of green financing products such as green bonds and sustainability-linked loans, as well as the influence on corporate investments in sustainable energy. It also looks at the financial risks, cost savings, and profitability of renewable energy projects, as well as the challenges faced by high upfront prices and restricted access to funding in poor countries. A systematic literature review (SLR) was carried out to bring together current research on corporate finance strategies, sustainable energy transitions, and associated financial innovations. The findings show that, while green financing solutions provide critical capital for renewable energy projects and boost business reputation, major hurdles persist, particularly in emerging nations. The report concludes with recommendations for increasing access to green financing, improving risk management measures, and promoting public-private partnerships to hasten the worldwide transition to sustainable energy. Businesses may improve their sustainability while still ensuring long-term economic development and stability in an increasingly carbon-conscious society.
Date: 2024-10-05
References: Add references at CitEc
Citations:
Published in Asian Journal of Economics, Finance and Management , 2024, 6 (1), pp.313-326
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
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:hal:journl:hal-05078661
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().