Climate Risk Finance: A Bibliometric Analysis of Global Research Trends
DOI:
https://doi.org/10.61132/ijems.v1i1.1052Keywords:
Bibliometric Analysis, Climate Finance, Climate Risk Finance, Climate Risk, Financial StabilityAbstract
Climate risk finance has emerged as an increasingly important field of research along with the growing urgency to address climate change and its impacts on the global financial system. Climate change poses real risks to the stability of the international economy and financial systems. Climate risk finance represents an approach that encompasses various financial instruments in supporting climate change mitigation and adaptation. Although the term climate risk finance has not been widely used explicitly as a single keyword, the concept that integrates climate risk and financing is reflected in related keywords such as climate risk, climate finance, and climate change. This study employs a bibliometric analysis method using the Scopus database, supported by analytical tools such as VOSviewer and R Studio, to explore the development of research on climate risk finance. The study identifies publication patterns, international collaborations, and emerging themes within the related literature. The findings show that the publication rate on climate risk finance is relatively moderate each year, but has experienced growth in the last decade. The evolving understanding in this field is expected to strengthen the resilience of financial systems and support sustainable strategies to address long-term climate risks.
Downloads
References
Arfaoui, N., Naeem, M. A., Maherzi, T., & Kayani, U. N. (2024). Can green investment funds hedge climate risk? Finance Research Letters. https://doi.org/10.1016/j.frl.2023.104961
Baldauf, M., Garlappi, L., & Yannelis, C. (2020). Does climate change affect real estate prices? Only if you believe in it. The Review of Financial Studies. https://doi.org/10.1093/rfs/hhz073
Carè, R., & Weber, O. (2023). How much finance is in climate finance? A bibliometric review, critiques, and future research directions. Research in International Business and Finance. https://doi.org/10.1016/j.ribaf.2023.101886
Chabot, M., & Bertrand, J.-L. (2023). Climate risks and financial stability: Evidence from the European financial system. Journal of Financial Stability, 69, 101190. https://doi.org/10.1016/j.jfs.2023.101190
Dikau, S., & Volz, U. (2021). Central bank mandates, sustainability objectives and the promotion of green finance. Ecological Economics. https://doi.org/10.1016/j.ecolecon.2021.107022
Gaies, B. (2025). Risky finance, riskier climate: When financial instability meets climate risks on the bridge of sustainability uncertainty. North American Journal of Economics and Finance, 80, 102492. https://doi.org/10.1016/j.najef.2025.102492
Hain, L. I., Kölbel, J. F., & Leippold, M. (2022). Let’s get physical: Comparing metrics of physical climate risk. Finance Research Letters. https://doi.org/10.1016/j.frl.2021.102406
Kouwenberg, R., & Zheng, C. (2023). A review of the global climate finance literature. Sustainability, 15(2), 1255. https://doi.org/10.3390/su15021255
Nobanee, H., Dilshad, M. N., Lamdi, O. A., Ballool, B., Dhaheri, S. A., AlMheiri, N., et al. (2022). Insurance for climate change and environmental risk: A bibliometric review. International Journal of Climate Change Strategies and Management. https://doi.org/10.1108/IJCCSM-08-2021-0097
Sari, P. N. (2024). Analisis bibliometrik perkembangan penelitian perubahan iklim dan kesehatan. Jurnal Keselamatan Kesehatan Kerja dan Lingkungan (JK3L), 5(2). http://jk3l.fkm.unand.ac.id/index.php/jk3l/index
Shang, Q., & Jin, X. (2023). A bibliometric analysis on climate finance: Current status and future directions. Environmental Science and Pollution Research, 30, 119711–119732. https://doi.org/10.1007/s11356-023-31006-5
Suciati, R. (2025). The role of financial stability in mitigating climate risk: A bibliometric and literature analysis. Journal of Risk and Financial Management, 18(8), 428. https://doi.org/10.3390/jrfm18080428
Yang, J., & Geng, J.-B. (2025). Dissecting the financial impact of climate risk. Energy Economics, 143, 108295. https://doi.org/10.1016/j.eneco.2025.108295
Yang, L., Sultan, M. S., Ibrahim, M. I., Xakimov, Z., & Zhang, C. (2025). Unraveling the economic and environmental impacts of emerging financial risks: A strategic perspective. Ecotoxicology and Environmental Safety. https://doi.org/10.1016/j.ecoenv.2025.118786
Zhai, P., Fan, Y., Ji, Q., & Ma, Y.-R. (2024). Climate risks and financial markets: A review of the literature. Climate Change Economics. https://doi.org/10.1142/S2010007824400086
Zhao, X., Yao, X., & Huang, J. (2025). Climate risks and financial stability: Evidence from China. International Review of Financial Analysis. https://doi.org/10.1016/j.irfa.2025.101314
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 International Journal of Economics and Management Sciences
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
