Title: Exploring sustainable investment: an in-depth analysis of the green bond market

Authors: Shweta Bambuwala

Addresses: School of Liberal Studies, Pandit Deendayal Energy University, India

Abstract: This systematic literature review (SLR) on green bonds reviews current research and stresses their importance for green transition economies. All of the study's results suggest areas for additional research and learning about green bonds as a financial instrument in green finance. SPAR 4 SLR analysed 410 Scopus-listed journal articles from 2016 to 2023. SPAR 4 SLR involves assembling, arranging, and assessing. Performance analysis shows publishing trends, prominent authors, affecting publications, top nations, journals, and linkages. The analysis shows that publications increased significantly between 2018 and 2020. It also shows green bond research themes including CO₂ emissions, financial market reliance, debt capital markets, Bayesian equilibrium, voluntary disclosure, and portfolio diversification. The study reviews literature using SPAR 4 SLR, a trusted technique. Structural literature reviews' downside is that the researcher's rationale and criteria may be impacted by study bias. The analysis examines green bond research and finds a trend among experts.

Keywords: gold bonds; structural literature review; climate finance; green finance; sustainable investment; systematic literature review; SLR.

DOI: 10.1504/GBER.2026.156148

Global Business and Economics Review, 2026 Vol.35 No.3, pp.365 - 386

Received: 14 May 2024
Accepted: 08 Aug 2024
Published online: 07 Sep 2026 *

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