Innovations in the Energy Sector as a Powerful Catalyst for Financial Transformations

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A98065" target="_blank" >RIV/60460709:41110/24:98065 - isvavai.cz</a>

Result on the web

<a href="https://mmi.sumdu.edu.ua/volume-15-issue-1/article-11/" target="_blank" >https://mmi.sumdu.edu.ua/volume-15-issue-1/article-11/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.21272/mmi.2024.1-11" target="_blank" >10.21272/mmi.2024.1-11</a>

Result language

angličtina

Original language name

Innovations in the Energy Sector as a Powerful Catalyst for Financial Transformations

Original language description

Conventional wisdom often posits that financial innovations are the primary drivers of energy transitions, facilitating the shift from traditional fossil fuels to renewable sources. However, a nuanced examination of this relationship suggests a reciprocal dynamic where innovations in the energy sector can significantly propel financial transformations. The global pivot towards renewable energy sources necessitates substantial financial investments, thus catalyzing the emergence of novel financial instruments, green bonds, and innovative financing models dedicated to supporting the renewable energy sector. This interdependence between energy transitions and financial innovation reflects the adaptability of financial institutions to the evolving demands of sustainable energy initiatives. As societies increasingly embrace cleaner energy solutions, the financial sector responds by devising inventive strategies to underwrite these transitions. Highlighting the growing academic interest in this symbiotic relationship, the number of publications on energy transitions and financial innovations indexed in the Web of Science database has witnessed a remarkable increase from a mere 10 in 2015 to 113 in 2023, indicating a rapidly increasing field of academic research. This paper presents a comprehensive bibliometric analysis of the existing research literature on the interplay between energy transition and financial innovations. Utilizing a network analysis approach and the VOSviewer software - a tool renowned for its efficacy in uncovering prevailing trends and patterns in interdisciplinary research - the study aims to map out the intellectual landscape of this domain. Our findings elucidate that energy transitions do not merely benefit from financial innovations but can also act as potent drivers of financial change, as evidenced by numerous recent and historical examples. This reciprocal influence underscores the critical role of energy sector advancements in shaping financial practices and instruments. The study's insights contribute significantly to the understanding of how energy transitions and financial innovations mutually reinforce each other, providing valuable implications for policymakers, investors, and researchers focused on fostering sustainable energy ecosystems and financial market resilience.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Marketing and Management of Innovations

ISSN

2218-4511

e-ISSN

2218-4511

Volume of the periodical

15

Issue of the periodical within the volume

1

Country of publishing house

UA - UKRAINE

Number of pages

13

Pages from-to

131-142

UT code for WoS article

001192683300002

EID of the result in the Scopus database

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