Title: Renewable energy and financial development: a systematic mapping review

Authors: El Hamzaoui Omar; Kharbouch Omar

Addresses: Laboratory Management of Organization, Faculty of Economics and Management, Ibn Tofail University, Kenitra, Morocco ' Laboratory Management of Organization, Faculty of Economics and Management, Ibn Tofail University, Kenitra, Morocco

Abstract: Financial development in the renewable energy sector assumes critical importance, particularly amid the ongoing energy transition driven by climate challenges. Developed countries highly and positively interact with energy growth projects that focus on environmental sustainability. This systematic mapping review examines various articles and studies from diverse academic databases, which focus on the relationship between renewable energy and financial development. It relies on an analytical approach that adopts a particular classification system to examine 59 studies conducted between 2011 and 2024 using tools such as PRISMA protocol, VOSviewer and Nvivo. The result of this systematic mapping review highlights vital trends reflecting the utilisation of interesting econometric models conducted across different geographical contexts. Three major thematic axes emerge from the existing literature: first, environmental and climate concerns; second, the rise of sustainable and green finance; third, the role of macroeconomic aggregates in financial dynamics. This mapping review adds a considerable value to the existing literature through recommending a future research agenda to explore further mechanisms that interact with renewable energy.

Keywords: renewable energy; financial development; sustainable development; mapping review.

DOI: 10.1504/IJETP.2026.152993

International Journal of Energy Technology and Policy, 2026 Vol.21 No.1, pp.1 - 28

Received: 02 Sep 2025
Accepted: 19 Jan 2026
Published online: 17 Apr 2026 *

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