Environmental Finance: An Interdisciplinary Review
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Abstract
Environmental finance has gained considerable attention globally as an emerging interdisciplinary research area.<br/>This study uses bibliometric analysis to systematically review major studies on environmental finance-related<br/>areas published since the 1970s. Through a bibliometric analysis of 892 environmental finance-related articles<br/>sourced from the Web of Science database, we identified the main research streams and illustrated the trending<br/>research themes of environmental finance. We find that publications related to environmental finance have<br/>increased exponentially over the past decade. Current research streams include corporate and social re-<br/>sponsibility (CSR), climate negotiations, natural gas price volatility, national policy, and cost comparisons.<br/>Further analysis of the recent five years of literature shows that emerging research topics include climate finance,<br/>sustainable finance, firm value, climate risk, and green bonds. Finally, we conclude with a future research agenda<br/>for environmental finance.