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Challenges and Trends in Green Finance in the Context of Sustainable Development—A Bibliometric Analysis

Author

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  • Biser Krastev

    (Department of Economics and Finance, University of Agribusiness and Rural Development, 4003 Plovdiv, Bulgaria)

  • Radosveta Krasteva-Hristova

    (Department of Accounting, Tsenov Academy of Economics, 5250 Svishtov, Bulgaria)

Abstract

Green finance in the context of sustainable development sits within the broader discourse of environmental economics and sustainable finance. Their integration has become imperative in addressing global challenges, with the aims of understanding how financial mechanisms can be aligned with sustainability goals, investigating the role of green finance in promoting environmentally friendly investments, and fostering sustainable development. This bibliometric analysis explores the evolution, trends, and challenges in green finance research. It examines 436 articles published between 2016 and 2024, revealing insights into influential publications, authors, journals, institutions, and countries engaged in green finance for sustainability. The study identifies China, the UK, and Pakistan as leaders in research output and citation impact. Furthermore, it highlights the interdisciplinary nature of green finance, reflected in diverse publication outlets spanning environmental, social, and economic domains. The analysis underscores the increasing global interest in green finance, as evidenced by the growing citation rates over time. Key findings include the pivotal role of green finance in energy efficiency, renewable energy development, and the promotion of sustainable economic growth. Overall, this research provides valuable insights for policymakers, researchers, and practitioners, emphasizing the importance of interdisciplinary collaboration and continued research efforts in advancing sustainable finance agendas.

Suggested Citation

  • Biser Krastev & Radosveta Krasteva-Hristova, 2024. "Challenges and Trends in Green Finance in the Context of Sustainable Development—A Bibliometric Analysis," JRFM, MDPI, vol. 17(7), pages 1-20, July.
    • Handle: RePEc:gam:jjrfmx:v:17:y:2024:i:7:p:301-:d:1434789
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    References listed on IDEAS

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    1. Eyraud, Luc & Clements, Benedict & Wane, Abdoul, 2013. "Green investment: Trends and determinants," Energy Policy, Elsevier, vol. 60(C), pages 852-865.
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    Cited by:

    1. Iwan Suhardjo & Meiliana Suparman, 2024. "Employee Engagement and Green Finance: An Analysis of Indonesian Banking Sustainability Reports," JRFM, MDPI, vol. 17(12), pages 1-16, December.
    2. Peng, Pin & Liang, Feifei & Fu, Yaping & Chen, Yanan & Qiu, Lin-shu & Qi, Haozhi, 2024. "Unraveling the dynamic nexus: Green cryptocurrencies and their role in sustainable market evolution," Energy, Elsevier, vol. 313(C).
    3. Birau Ramona & Popescu Virgil, 2025. "A Literature Survey On Climate Finance, Green Finance And Energy Finance Considering The Impact On Economic Growth And Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 206-211, February.

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