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From turbulence to resilience: A bibliometric insight into the complex interactions between energy price volatility and green finance

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  • Razi, Ummara
  • Karim, Sitara
  • Cheong, Calvin W.H.

Abstract

Given the growing concerns over climate change and energy price dynamics, this study provides a comprehensive bibliometric analysis of energy price volatility (turbulence) and the resilience of green financial markets. Using data from Scopus from 1994 to October 2023, we employ performance analysis, science mapping, and thematic analysis through bibliometric study. Efficient Market Hypothesis (EMH), Game Theory, Dynamic Capabilities, and Resource-based view provide solid theoretical foundations for understanding these dynamics. Our findings reveal four critical themes: sustainable development in the green energy sector, technological innovations and renewable energy integration, economic foundations and investment dynamics in green financial markets, and environmental impact and policy influence. The analysis highlights the pivotal role of green finance in mitigating energy market fluctuations and promoting sustainable development. Policymakers and practitioners should leverage innovative green financing strategies to enhance economic resilience and drive long-term sustainable development. We propose thought-provoking questions to guide future research on these themes.

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  • Razi, Ummara & Karim, Sitara & Cheong, Calvin W.H., 2024. "From turbulence to resilience: A bibliometric insight into the complex interactions between energy price volatility and green finance," Energy, Elsevier, vol. 304(C).
    • Handle: RePEc:eee:energy:v:304:y:2024:i:c:s0360544224017651
    DOI: 10.1016/j.energy.2024.131992
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    1. Ummara Razi & Calvin W. H. Cheong & Sahar Afshan & Arshian Sharif, 2025. "The ripple effects of energy price volatility on equity and debt markets: a Morlet wavelet analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 197-223, March.
    2. Nepal, Rabindra & Deng, Youyi & Dong, Kangyin, 2025. "Going with the flow: How does global energy value chain adapt to geopolitical risks?," Energy Economics, Elsevier, vol. 144(C).
    3. Razi, Ummara & Ramzan, Muhammad, 2025. "Interconnected tides: Analyzing European energy markets dynamics in the post-COVID era," Applied Energy, Elsevier, vol. 389(C).

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