Financial Instruments of the Green Energy Transition: Research Landscape Analysis

In the conditions of worsening global energy problems, financial instruments play a key role in reforming the energy market. They provide the necessary financial resources for the development and implementation of environmentally friendly energy technologies, aimed at supporting projects that reduce the negative impact on the environment, and contribute to attracting private capital to finance environmentally friendly projects. The purpose of this study is to analyze trends in research on financial instruments of the green energy transition. The article carries out a comprehensive bibliometric analysis of scientific works devoted to the problem of financing the green energy transition. The object of the research is the publications indexed by the Scopus database for 1954-2023. Research tools are programs for bibliometric data analysis Vosviewer, SciVal and CiteSpace. Based on the trend analysis of publication activity on the issues of financing the green energy transition, the key role of the Paris Agreement of 2015 in the growth of interest in these issues has been proven. Visualization of the most used keywords in scientific works on green energy transition financing allowed us to identify four clusters of keywords that characterize the concepts of green energy transition: the concept of “green construction”, the concept of “green technologies and innovations”, the concept of renewable energy, and the concept of “green of finance”. Analysis of the frequency and number of citations of publications on green energy transition financing issues using the CiteSpace package made it possible to determine the TOP-17 keywords, highlight the period of their greatest citations, and carry out their clustering. Phrases most often used in publications include: finance, alternative economy, green bonds, green innovation, sustainable development, greenhouse gas emissions, sustainable finance, green credit, green economy, climate finance. Based on the analysis of relationships between keywords, seven clusters were identified: sustainable development, financing constraints, green bonds, green credit policy, green bonds, green economic growth, green economic recovery. The obtained results can be used by state institutions to improve financing strategies for green energy transition programs from the point of view of determining modern trends and key vectors of green finance development in the field of energy, analysis of the most effective financing tools, and identification of problems in the field of energy development.