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Developing Countries in the Lead: A Bibliometric Approach to Green Finance

Author

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  • Goshu Desalegn

    (Doctoral School of Economics and Regional Sciences, Hungarian University of Agriculture and Life Sciences, Páter Károly u. 1, 2100 Godollo, Hungary)

  • Anita Tangl

    (Institute of Rural Development and Sustainable Economy, Szent István Campus, Hungarian University of Agriculture and Life Sciences, Páter Károly u. 1, 2100 Godollo, Hungary)

Abstract

In recent years, green finance has become a popular method for dealing with environmental issues. However, it remains to be seen whether green financing is effective in addressing current global environmental issues. In this article, we, therefore, analyze the diffusion patterns of green finance publications in the Global South and Global North to identify which section of the globe is under-researched from this perspective. The study tried to highlight the overall trends of research publications on green finance, continent, most contributing authors, countries, and journals. The study used a bibliometric approach with the help of R studio software. The Scopus database was used for extracting the resources and 522 documents utilized in this bibliometric analysis. The result demonstrates that the diffusion of green finance is more common in the Global North than in the Global South. However, the number of scientific studies produced over time, the number of active authors, and affiliations of the Global South have contributed more than the Global North. More specifically, at the continental level, Asia and the Pacific are playing a lion’s share in providing scientific research publications on the green-finance-related issue. Meanwhile, the Arab states and Africa are the lowest contributing continent. China has the highest number of publications worldwide. However, this reality may be different if another approach (per capita contribution) is used to investigate the issue of green finance. Hence, we call for future studies to consider this fact in investigating the issue of green finance across the world. Furthermore, the study proposes further studies to be conducted on what are the factors that drive the Global South to lead. Finally, it is also better if the future studies take into account the status of each country in terms of green finance mobilization and capital contribution to share the specific experience of that country and lessons taken from that country.

Suggested Citation

  • Goshu Desalegn & Anita Tangl, 2022. "Developing Countries in the Lead: A Bibliometric Approach to Green Finance," Energies, MDPI, vol. 15(12), pages 1-19, June.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:12:p:4436-:d:841811
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    References listed on IDEAS

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    Cited by:

    1. Veronika Oravcová & Kateryna Yakovenko & Matúš Mišík, 2022. "Complete but Fragmented: Research on Energy in Central and Eastern Europe," Energies, MDPI, vol. 15(17), pages 1-16, August.
    2. Mariana Reis Maria & Rosangela Ballini & Roney Fraga Souza, 2023. "Evolution of Green Finance: A Bibliometric Analysis through Complex Networks and Machine Learning," Sustainability, MDPI, vol. 15(2), pages 1-23, January.

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