Evolution of Green Finance: A Comprehensive Science Mapping Analysis by using the lens of Bibliometrix

Amara, Dr. Nadia Nasir , Aamir Azeem , Muhammad Toseef Aslam

Abstract

Current study focuses on analyzing the evolution of green finance since the inception of the concept. Apart from a conventional approach which may study the evolution in terms of
definitions, policy implementations, projects’ expansion, etc. this study tries to analyze the evolution in terms of academic expansion and contribution. A bibliometrics approach has been
employed to achieve this objective. Analysis has been carried out by mapping and visualizing the top articles, leading authors, dominating journals, prominent institutes, and countries, emerging themes, and keywords. The study has been carried out using Biblioshiny, a shiny app for the Bibliometrix, programmed in R language specifically useful for comprehensive science mapping analysis. Along with it, VOS viewer has also been utilized for enriched visualizations. The analysis is carried out on a dataset of 450 articles extracted from Scopus. Key indicators of Bibliometrix depicted that the concept grasped academic attention in 2013 and is significantly growing after 2015. Journals such as Sustainability, Environmental Science and Pollution Research, etc. are some of the dominating sources. China and UK are leading countries in terms of academic studies on green finance. The analysis also provides an in-depth insight into green finance by mapping the frequently used keywords. The word clusters and thematic map formation is valuable as they present emerging themes and provide directions for future research in green finance.
Keywords: Green Finance, Science Mapping, Biblioshiny, Bibliometric Analysis, VOSviewer, Cluster