An Exploratory Analysis Of Green Finance

Abstract

Objective: The objective of this study is to conduct an exploratory analysis of the scientific production in green finance using bibliometric methods to map its evolution and intellectual structure. Theoretical Framework: This research is grounded in the principles of financial sustainability and climate change mitigation. The study highlights the importance of green finance in promoting environmental sustainability and economic growth. Method: This research employs a bibliometric analysis of publications from 1997 to 2023. The descriptive analysis includes time series data, total journals and documents, annual growth rate, average age of documents, international co-authorship rate, and average number of co-authors per document. Data collection focused on five highly cited papers to assess their contributions and relevance. Results and Discussion: The results indicate an exponential growth in publications since 2022, driven by increased awareness of financial sustainability and climate change. Clustering by coupling identified three main clusters: energy policy integration, technological development, and spatial coordination. These findings underscore the growing academic interest in green finance and the need for coordinated policies and investments. Research Implications: This research provides insights into how green financing policies influence technological innovation, environmental sustainability, and economic growth. The implications emphasize the importance of international collaboration and new technologies. Originality/Value: This study offers a comprehensive bibliometric analysis of green finance, underscoring its critical role in fostering a sustainable economy. The innovative approach and emerging trends identified contribute valuable foundations for future research and policies.