Title: Mapping the evolving landscape of green bonds: a literature review

Authors: Arti Chandani; Rebecca Abraham; Smita Wagholikar; Mohit Pathak; Prashant Ubarhande; Manisha Sanghvi

Addresses: Jaipuria Institute of Management, Gomati Nagar, Lucknow-226010, India ' Huizenga College of Business and Entrepreneurship, Nova Southeastern University, Florida, USA ' Symbiosis Institute of Technology, Symbiosis International (Deemed University), Lavale, Pune, 412115, India ' IMI-Kolkata, 2/4 C, Judges Ct Rd, Alipore, Kolkata, 700027, India ' Symbiosis Centre for Online Learning, Symbiosis Skills and Professional University, Kiwale, Pune, 412101, India ' Symbiosis Institute of Management Studies, Symbiosis International (Deemed University), Pune, 411020, India

Abstract: Green financing approaches like green bonds tend to incentivise and direct capital towards projects that promote environmental sustainability. The objective of the study is to comprehensively examine the existing knowledge of green bonds by performing a two-layer analysis, scientometric and bibliometric, of 568 relevant articles between 2008 and 2021. The results show that majority of the research is focused on the stock/capital market followed by finance and climate. Green bonds, climate change, and green finance are most used author keywords while investments, financial markets and alternative energy are the most used index keywords. The results also show that Reboredo J.C., is the most cited author followed by Zerbib O.D. Tilburg University, Netherlands, I Care and Consult, France and University of Lyon, France are the top cited organisations while France, Spain and USA are the highly cited countries. The results of the study will help in identifying the future research avenues which can be taken up by scholars and researchers to expand the body of knowledge.

Keywords: green bonds; green bonds analysis; bibliometric analysis; scopus; scientific knowledge.

DOI: 10.1504/GBER.2026.156154

Global Business and Economics Review, 2026 Vol.35 No.3, pp.259 - 288

Received: 30 Dec 2024
Accepted: 13 Jul 2025
Published online: 07 Sep 2026 *

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