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

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.

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“…The number of articles regarding developing countries' study cases is unprecedented. Group 3 is the first to present more influential hubs from and about these countries, additional support to previous studies that have already spotlighted this trend [34,35].…”

“…Bhatnagar and Sharma [34] analysed 666 articles in the Scopus database from 1997 to 2021. The authors reinforce the strong presence of developed countries in the sample, underscoring the recent emergence of the developing world with the protagonism of China and India; these results were also identified by Desalegn and Tangl [35]. The authors also propose the identification of green finance's enablers from recent articles (2018-2021), underlining the role of financial policies and regulations in boosting investment in green policies.…”

A Thematic Study of Green Finance with Special Reference to Polluting Companies: A Review and Future Direction

“…For the systematic review, papers were collected mostly from the Scopus database along with other databases such as Web of Science and Google Scholar. Both perform similar tasks for literature search, but Scopus is user-friendly and highly used in a literature survey, as it provides a comprehensive range of literature highly recommended sources (Desalegn and Tangl 2022 ).…”

“…The rise of green finance and climate finance are directly and indirectly related to sustainable developments (Bernabé et al 2022 ). It is a financing method that prioritizes green projects that are helpful in mitigating the impact of climate change (Desalegn and Tangl 2022 ). It can well guide and adjust the investment of financial resources to green enterprises to obtain more credit resources than polluting enterprises (Cao et al 2021 ).…”

Research Trends in the Last 3 years Related to Distance Education : A Bibliometric Study

“…Subsequently, bibliometric mapping also examines and looks at the level of productivity and collaboration in research and scientific writing activities, referred to as Co-Authorship. According to Brady Land in bibliometric studies, Co-Authorship aims to see the level of productivity of the authors, both as individual authors and group authors, when conducting research (Ben Mamia et al, 2022;Desalegn & Tangl, 2022). In addition, by analyzing authors, it can also be seen which institutions or departments and countries often contribute to research and publish scientific works.…”