SavedAdd your journal

Journals / Hitit Ekonomi ve Politika Dergisi / 2026 / Cilt: 5 Sayı: 1

Bibliometric Analysis of Green Finance

Yeşil Finansın Bibliyometrik Analizi

Esin Kendir0000-0003-0435-7499
Pages
1–15
Publication Date
2025-07-13
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study aims to present an overall view of the accumulated and ongoing research on green finance by using bibliometric analysis, which quantitatively analyzes academic and scientific studies.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The need to reduce dependence on fossil fuels in the current economic system has brought the concept of green finance to global attention.
📊
Key Findings & Data:Environmental degradation caused by economic activities has also become a significant issue for governments.
💡
Conclusion & Impact:This study aims to present an overall view of the accumulated and ongoing research on green finance by using bibliometric analysis, which quantitatively analyzes academic and scientific studies.
🔬Design:Araştırma Makalesi
📍Scope:2023 Verileri
⚙️Variables:Yeşil Finans · Sürdürülebilirlik · Bibliyometrik Analiz

Abstract

The need to reduce dependence on fossil fuels in the current economic system has brought the concept of green finance to global attention. Environmental degradation caused by economic activities has also become a significant issue for governments. This is because the use of fossil fuels threatens the growth of green energy, which is necessary to ensure energy security and achieve climate and clean air goals. To control such threats, a substantial amount of green finance is required for the transition to green energy. Green finance encompasses activities aimed at providing low-carbon funds and offering a financing pathway for individuals, companies, and governments seeking to invest in green projects. Green finance also facilitates the development of sustainable trade and investment activities, as well as green investment and financing instruments. In this context, the concept of green finance has drawn the attention of academic researchers, leading to studies addressing fundamental reasons such as environmental protection, climate change, and global concerns. This study aims to present an overall view of the accumulated and ongoing research on green finance by using bibliometric analysis, which quantitatively analyzes academic and scientific studies. The VOSviewer 1.6.20 program was utilized in the study. In addition, 4467 studies published in the international literature on green finance between 1990 and 2023 were examined and access to studies on green finance was provided by scanning various databases in the Web of Science. According to the findings of the study, 2023 had the highest number of publications. It has been observed that the studies on green finance consist mostly of articles with a rate of 86.130%. The findings also revealed that the most publications were in English and that China was the most productive country. The most productive institution was identified as the Beijing Institute of Technology, and the most prominent author was found to be Tagizadeh-Hesary, Farhad.

Özet

Mevcut ekonomik sistemde fosil yakıtlara olan bağımlılığı azaltma ihtiyacı yeşil finans kavramının dünya çapında dikkat çekmesine neden olmuştur. Ekonomik faaliyetlerin neden olduğu çevresel bozulmalar hükümetler için de önemli bir sorun haline gelmiştir. Çünkü fosil yakıtların kullanılıyor olması enerji güvenliği sağlamak, iklim ve temiz hava hedeflerine ulaşmak için gereken yeşil enerjinin büyümesini tehdit etmektedir. Bu tarz tehditleri kontrol altına almak için yeşil enerjiye geçişte önemli miktarda yeşil finansmana ihtiyaç duyulmaktadır. Yeşil finans düşük karbonlu fon sağlamak ve yatırım yapmak isteyen bireylere, şirketlere ve hükümetlere bir finansman yolu sunmayı amaçlayan yeşil faaliyetleri kapsamaktadır. Yeşil finans sürdürülebilir ticaret ve yatırım faaliyetlerinin, yeşil yatırım ve finansman araçlarının geliştirilmesini de sağlamaktadır. Bu doğrultuda yeşil finans kavramı akademik araştırmacıların da dikkatini çekerek çevreyi koruma, iklim değişikliği ve küresel endişeler gibi temel sebepleri ele alan çalışmalar ortaya konulmuştur. Bu çalışma ise akademik ve bilimsel çalışmaların niceliksel analizini gerçekleştiren bibliyometrik analizi kullanarak yeşil finans ile ilgili biriken ve ilerleyen çalışmaların genel manzarasını ortaya koyma amacı taşımaktadır. Çalışmada VOSviewer 1.6.20 programından yararlanılmıştır. Ayrıca çalışmada 1990-2023 yılları arasında yeşil finans ile ilgili uluslararası literatürde yayınlanan 4467 çalışma incelenmiş ve Web of Science’da bulunan çeşitli veri tabanları taranarak yeşil finans ile ilgili çalışmalara erişim sağlanmıştır. Çalışmanın sonucunda ulaşılan bulgulara göre en yüksek çalışma sayısının 2023 yılı olduğu görülmüştür. Yeşil finans ile ilgili yapılan çalışmaların % 86.130 oranla en çok makalelerden oluştuğu gözlemlenmiştir. En çok “ingilizce” yayın yapıldığı ve buna ek olarak en üretken ülkenin Çin olduğu bulgusuna ulaşılmıştır. En üretken kurumun ise “Beijing Institute of Technology” ve en tanınmış yazarın “Tagizadeh-Hesary, Farhad” olduğu bulgularına ulaşılmıştır.

🔖

Cite This Article

Kendir, E. (2025). Bibliometric Analysis of Green Finance. Hitit Ekonomi ve Politika Dergisi, Cilt: 5 Sayı: 1, 1–15. https://ajindex.com/articles/1615642

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (40)

  1. Aizawa, M., & Yang, C. (2010). Green credit, green stimulus, green revolution? china’s mobilization of banks for environmental cleanup. Journal of Environment and Development, 19(2). https://doi.org/10.1177/1070496510371192
  2. Albayrak, G. (2023). Yeşil ekonomi alanında yazında yayınlanmış makalelerin bibliyometrik analizi Dicle Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (32 (Dicle Üniversitesi'nin 50. Yılına Özel 50 Makale)), 347-367.
  3. Al-Sheryani, K., & Nobanee, H. (2020). Green finance: a mini-review. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3538696
  4. Bhatnagar, S., & Sharma, D. (2022). Evolution of green finance and its enablers: A bibliometric analysis. Renewable and Sustainable Energy Reviews, 162, 112405. https://doi.org/10.1016/j.rser.2022.112405
  5. Bingler, J., Colesanti Senni, C., & Monnin, P. (2020). Climate financial risks: Assessing convergence, exploring diversity. CEP Discussion Notes, 6. http://dx.doi.org/10.2139/ssrn.3826413
  6. Bovenberg, A. L., & Van der Ploeg, F. (1994). Green Policies and Public Finance in a Small Open Economy. The Scandinavian Journal of Economics, 96(3). https://doi.org/10.2307/3440497
  7. Castañeda, K., Sánchez, O., Herrera, R. F., & Mejía, G. (2022). Highway Planning Trends: A Bibliometric Analysis. In Sustainability (Switzerland) (Vol. 14, Issue 9). https://doi.org/10.3390/su14095544
  8. Clark, R., Reed, J., & Sunderland, T. (2018). Bridging funding gaps for climate and sustainable development: Pitfalls, progress and potential of private finance. Land use policy, 71, 335-346. https://doi.org/10.1016/j.landusepol.2017.12.013
  9. Çevirgen, F., & Bayrakçı, E. (2024). Yeşil finans yazınının mevcut durumu ve geleceği: bibliyometrik bir analiz. Öneri Dergisi, 19(62), 79-112. https://doi.org/10.14783/maruoneri.1440257
  10. Dervis, H. (2019). Bibliometric analysis using bibliometrix an R package. Journal of Scientometric Research, 8(3). https://doi.org/10.5530/JSCIRES.8.3.32
  11. Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: an overview and guidelines. Journal of Business Research, 133. https://doi.org/10.1016/j.jbusres.2021.04.070
  12. Dziwok, E., & Jäger, J. (2021). A Classification of Different Approaches to Green Finance and Green Monetary Policy. Sustainability, 13(21). https://doi.org/10.3390/su132111902
  13. Fahim, F., & Mahadi, B. (2022). Green supply chain management/green finance: a bibliometric analysis of the last twenty years by using the Scopus database. Environmental Science and Pollution Research, 29(56), 84714-84740. https://doi.org/10.1007/s11356-022-21764-z
  14. Flammer, C. (2020). Green bonds: effectiveness and implications for public policy. Environmental and Energy Policy and the Economy, 1(1), 95-128. https://doi.org/10.1086/706794
  15. Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance ve İnvestment, 5(4), 210-233. https://doi.org/10.1080/20430795.2015.1118917
  16. Gallego-Losada, R., Montero-Navarro, A., Rodríguez-Sánchez, J. L., & González-Torres, T. (2022). Retirement planning and financial literacy, at the crossroads. A bibliometric analysis. Finance Research Letters, 44. https://doi.org/10.1016/j.frl.2021.102109
  17. Gilchrist, D., Yu, J., & Zhong, R. (2021). The limits of green finance: A survey of literature in the context of green bonds and green loans. Sustainability (Switzerland), 13(2). https://doi.org/10.3390/su13020478
  18. Goyal, K., & Kumar, S. (2021). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies, 45(1). https://doi.org/10.1111/ijcs.12605
  19. Guo, Y. M., Huang, Z. L., Guo, J., Li, H., Guo, X. R., & Nkeli, M. J. (2019). Bibliometric analysis on smart cities research. Sustainability (Switzerland), 11(13). https://doi.org/10.3390/su11133606
  20. Huang, Y., Chen, C., Lei, L., & Zhang, Y. (2022). Impacts of green finance on green innovation: a spatial and nonlinear perspective. Journal of Cleaner Production, 365. https://doi.org/10.1016/j.jclepro.2022.132548
  21. Jin, Y., Gao, X., & Wang, M. (2021). The financing efficiency of listed energy conservation and environmental protection firms: evidence and implications for green finance in China. Energy Policy, 153. https://doi.org/10.1016/j.enpol.2021.112254
  22. Krastev, B., & Krasteva-Hristova, R. (2024). Challenges and trends in green finance in the context of sustainable development—a bibliometric analysis. Journal of Risk and Financial Management, 17(7), 301. https://doi.org/10.3390/jrfm17070301
  23. Lim, W. M., & Kumar, S. (2024). Guidelines for interpreting the results of bibliometric analysis: A sensemaking approach. Global Business and Organizational Excellence, 43(2). https://doi.org/10.1002/joe.22229
  24. Luo, W., Tian, Z., Zhong, S., Lyu, Q., & Deng, M. (2022). Global evolution of research on sustainable finance from 2000 to 2021: a bibliometric analysis on WoS database. Sustainability, 14(15), 9435. https://doi.org/10.3390/su14159435
  25. M Tucker, & Ann Arbor. (1995). Pollution Prevention and Finance.
  26. Mougenot, B., & Doussoulin, J. P. (2022). Conceptual evolution of the bioeconomy: a bibliometric analysis. Environment, Development and Sustainability, 24(1). https://doi.org/10.1007/s10668-021-01481-2
  27. Muchiri, M. K., Erdei-Gally, S., Fekete-Farkas, M., & Lakner, Z. (2022). Bibliometric analysis of green finance and climate change in post-paris agreement era. Journal of Risk and Financial Management, 15(12), 561. https://doi.org/10.3390/jrfm15120561
  28. Naeem, M. A., Karim, S., Rabbani, M. R., Bashar, A., & Kumar, S. (2023). Current state and future directions of green and sustainable finance: a bibliometric analysis. Qualitative Research in Financial Markets, 15(4), 608-629. https://doi.org/10.1108/QRFM-10-2021-0174
  29. Ren, X., Shao, Q., & Zhong, R. (2020). Nexus between green finance, non-fossil energy use, and carbon intensity: Empirical evidence from China based on a vector error correction model. Journal of Cleaner Production, 277. https://doi.org/10.1016/j.jclepro.2020.122844
  30. Sachs, J. D., Woo, W. T., Yoshino, N., & Taghizadeh-Hesary, F. (2019). Why Is Green Finance Important? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3327149
  31. Şahin, E. (2024). Yeşil Finansa Yönelik Yapılan Çalışmaların Bibliyometrik Analizi. İşletme Araştırmaları Dergisi, 16(3), 1300-1312. https://doi.org/10.20491/isarder.2024.1856
  32. Taghizadeh-Hesary, F., & Yoshino, N. (2020). Sustainable solutions for green financing and investment in renewable energy projects. Energies. https://doi.org/10.3390/en13040788
  33. Tigre, F. B., Curado, C., & Henriques, P. L. (2023). Digital leadership: a bibliometric analysis. Journal of Leadership and Organizational Studies, 30(1). https://doi.org/10.1177/15480518221123132
  34. Vergura, D. T., Zerbini, C., Luceri, B., & Palladino, R. (2023). Investigating sustainable consumption behaviors: a bibliometric analysis. British Food Journal, 125(13). https://doi.org/10.1108/BFJ-06-2022-0491
  35. Wang, Y., Zhao, N., Lei, X., & Long, R. (2021). Green finance innovation and regional green development. Sustainability (Switzerland), 13(15). https://doi.org/10.3390/su13158230
  36. Weber, O., & ElAlfy, A. (2019). The development of green finance by sector. https://doi.org/10.1007/978-3-030-22510-0_3
  37. Xu, J., She, S., Gao, P., & Sun, Y. (2023). Role of green finance in resource efficiency and green economic growth. Resources Policy, 81. https://doi.org/10.1016/j.resourpol.2023.103349
  38. Yu, X., Mao, Y., Huang, D., Sun, Z., & Li, T. (2021). Mapping global research on green finance from 1989 to 2020: A bibliometric study. Advances in Civil Engineering, 2021(1), 9934004. https://doi.org/10.1155/2021/9934004
  39. Zhang, W., & Li, P. I. (2009). Progress and prospects of Chinese and international environmental finance study. Proceedings - 2009 International Conference on Environmental Science and Information Application Technology, ESIAT 2009, 2. https://doi.org/10.1109/ESIAT.2009.310
  40. Zhang, D., Zhang, Z., & Managi, S. (2019). A bibliometric analysis on green finance: current status, development, and future directions. Finance Research Letters, 29, 425-430. https://doi.org/10.1016/j.frl.2019.02.003