Global Trends of Carbon Finance: A Bibliometric Analysis

Abstract

Based on the Web of Science core database, this paper used bibliometric analysis to analyze 4408 academic works related to carbon finance from 1992 to 2021. This work shows that the number of publications on carbon finance-related research has increased rapidly; the Journal of Cleaner Production is the most productive journal. China boasts the most significant number of publications, while the United States has the most intensive cooperation with other countries. The Chinese Academy of Sciences is the most productive and influential independent institution, and Chinese authors make up the highest proportion of the top 20 most prolific authors. We can summarize the main research directions in carbon finance through keyword analysis: carbon capture, economic growth, carbon sequestration, financial development, modeling, and carbon price forecasting. Research related to the impact of energy consumption, renewable energy, and urbanization on carbon emissions may become a hot spot for future research in carbon finance. Through an in-depth analysis of the development over the past 30 years and future trends of carbon finance, this paper can provide some reference for future research, which is of great significance in promoting carbon emission reduction.