TY - JOUR
T1 - A bibliometric-qualitative literature review of green finance gap and future research directions
AU - Debrah, Caleb
AU - Darko, Amos
AU - Chan, Albert Ping Chuen
N1 - Funding Information:
The authors thank the Department of Building and Real Estate of The Hong Kong Polytechnic University for funding this research. This paper forms part of a Ph.D. research project aimed at promoting green finance in green building, thus shares a similar background and methodology with other related papers to be published by the authors, but with different scopes and objectives. We are extremely grateful to the Editors and Reviewers whose constructive and invaluable comments and suggestions helped improve the quality of this paper significantly.
Publisher Copyright:
© 2022 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2022/7
Y1 - 2022/7
N2 - Green finance (GF) supports the global fight against climate change and its impacts. It is critical to attaining the Paris Agreement and the United Nations Sustainable Development Goals. Since GF is regarded as the future of finance and investment, it needs to be fully understood. This paper presents the first mixed-methods systematic review with both bibliometric and qualitative analysis of the state-of-the-art and trends in GF research. A bibliometric review was performed to quantitatively examine 995 related publications retrieved from Scopus and validated with the Web of Science, Google Scholar, and ScienceDirect. Results showed that GF is still relatively an immature but interdisciplinary research area. A further qualitative-systematic analysis of 60 selected publications was conducted to identify the key findings, challenges, and recommendations for future research. Findings revealed six major research hotspots in GF: (i) green bond market and greenium, (ii) green credit (loan), (iii) carbon investment and market, (iv) green banking, (v) market stress (e.g. the COVID-19 pandemic) and GF, and (vi) domestic and international climate finance policies. This study provides insights into key applications of GF as it applies to specific research fields, a and as the pathways to realize the accruable benefits of GF to enhance research and development.
AB - Green finance (GF) supports the global fight against climate change and its impacts. It is critical to attaining the Paris Agreement and the United Nations Sustainable Development Goals. Since GF is regarded as the future of finance and investment, it needs to be fully understood. This paper presents the first mixed-methods systematic review with both bibliometric and qualitative analysis of the state-of-the-art and trends in GF research. A bibliometric review was performed to quantitatively examine 995 related publications retrieved from Scopus and validated with the Web of Science, Google Scholar, and ScienceDirect. Results showed that GF is still relatively an immature but interdisciplinary research area. A further qualitative-systematic analysis of 60 selected publications was conducted to identify the key findings, challenges, and recommendations for future research. Findings revealed six major research hotspots in GF: (i) green bond market and greenium, (ii) green credit (loan), (iii) carbon investment and market, (iv) green banking, (v) market stress (e.g. the COVID-19 pandemic) and GF, and (vi) domestic and international climate finance policies. This study provides insights into key applications of GF as it applies to specific research fields, a and as the pathways to realize the accruable benefits of GF to enhance research and development.
KW - bibliometric analysis
KW - Green finance
KW - mixed-methods systematic review
KW - qualitative analysis
KW - Sustainable finance
UR - http://www.scopus.com/inward/record.url?scp=85134463488&partnerID=8YFLogxK
U2 - 10.1080/17565529.2022.2095331
DO - 10.1080/17565529.2022.2095331
M3 - Review article
AN - SCOPUS:85134463488
SN - 1756-5529
JO - Climate and Development
JF - Climate and Development
ER -
