GREEN FINANCE FOR SUSTAINABLE DEVELOPMENT: A BIBLIOMETRIC ANALYSIS

Abstract

Sustainability is an investment plan that must be implemented in order to reduce the future concerns of economic units. Green finance refers to investment decisions to be made in the financial resources of the future for sustainable development. At the same time, green finance enables economic units to direct their attention to sustainable financial resources in terms of protecting the environment and reducing climate change. Climate change is one of the factors that prevent long-term planning that must be solved worldwide. Economies are making more efforts to reduce environmental greenhouse gas emissions and transfer financial resources to sustainable investments, as well as the efficient use of resources. This article has presented an overview of green finance for sustainable development, foregrounding the bibliometric analysis of selected literature. The bibliometric review was conducted to quantitatively examine 495 publications verified by Web of Science. Academic literature covers the periods 2017 to 2024. The intellectual structure and bibliometric analysis of the articles included in the research were made using R programming and R-studio software. Our study shows that the number of academic studies on green finance has increased, especially after the pandemic period that started in 2020, when production decreased and consumption increased significantly.