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Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns

Author

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  • Shoirahon Odilova

    (1Akfa University, Tashkent, Uzbekistan,)

  • Zebo Sharipova

    (Kimyo International University in Tashkent, Uzbekistan)

  • Sardor Azam

    (Akfa University, Tashkent, Uzbekistan)

Abstract

This study aimed to examine the impact of renewable energy on financial returns for organizations. Using the systematic literature review methodology proposed by Kitchenham, 35 papers were shortlisted from the Web of Science database. Descriptive analysis was conducted using Excel and SPSS to examine the total citation by each article, research area, publisher, and publication year. The findings indicated a positive relationship between renewable energy and financial returns, with all papers reviewed supporting this conclusion. Organizations are recommended to invest in renewable energy as it aligns with sustainability goals and contributes to improved financial returns. However, limitations to the available literature highlight the need for further research to understand the full scope of the relationship between renewable energy and financial returns. This study provides important insights into the benefits of renewable energy and its positive impact on financial returns for organizations. Overall, the study contributes to the existing literature on the benefits of renewable energy for organizations looking to reduce costs, increase energy security, and enhance their reputation.

Suggested Citation

  • Shoirahon Odilova & Zebo Sharipova & Sardor Azam, 2023. "Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 329-337, July.
    • Handle: RePEc:eco:journ2:2023-04-34
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    References listed on IDEAS

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    Cited by:

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    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • G3 - Financial Economics - - Corporate Finance and Governance

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