Title: Green finance to achieve environmental sustainability: a review and bibliometric analysis

Authors: Ravita Kharb; Neha Saini; Shabani Bhatia; Charu Shri; Dinesh Kumar

Addresses: Department of Management Studies, Netaji Subhas University of Technology, Delhi, India ' Faculty of Management Studies, University of Delhi, Delhi, India ' OP Jindal Global Business School, Sonipat, India ' Department of Commerce, Shri Ram College of Commerce, Delhi, India ' Department of Management, Netaji Subhas University of Technology, Delhi, India

Abstract: The concept of green finance has evolved over time in response to economies' aspirations. Green finance has captured the interest of academic scholars and policymakers owing to the growing global concern for environmental sustainability. It is a major initiative that the government and society take towards environmental sustainability. The current study aims to undertake a comprehensive bibliometric analysis and identify the facilitator of green finance across all economies. The intellectual framework and bibliography of the selected articles were examined using Biblioshiny. To ensure accuracy, several inclusion and exclusion criteria were applied. By examining 65 articles, the study also attempted to pinpoint the factors that facilitate and hinder green finance. This study is the earliest effort to understand the emergence of green finance and its driving factors. This study contributes significantly to the literature by identifying the enablers and barriers of green finance transformation towards green growth.

Keywords: green finance; environmental sustainability; climate change; green growth; green innovation.

DOI: 10.1504/IJADS.2025.148223

International Journal of Applied Decision Sciences, 2025 Vol.18 No.5, pp.517 - 546

Received: 01 Sep 2023
Accepted: 16 Mar 2024
Published online: 01 Sep 2025 *

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