Green investment’s on the rise
Andreea Chitimiea et al 21, Bucharest University of Economic Studies, 3/22/2021, “The Drivers of Green Investment: A Bibliometric and Systematic Review,” https://www.researchgate.net/publication/350295078_The_Drivers_of_Green_Investment_A_Bibliometric_and_Systematic_Review, RS
The most recently published scientific papers indicate that there is a growing interest in topics related to green investment. The first papers dealing with green investments were published in 1992, but their level only increased significantly in 2014 (Figure 1), by 71.43% (meaning 10 more studies in 2015), culminating in 2020, where the number of papers reached the highest level ever published (103 studies).
It is observed that, after 2008, the interest in the papers analyzing green investments increased, one of the reasons being the financial crisis of 2008 which generated enlarged interest in the green economy and its benefits [2].
Another factor that intensified concerns for green investment was the recognition of the urgent threat represented by climate change and the irreversible effects human societies and the planet at the 16th session of the Conference of the Parties(COP 16) of the United Nations Framework Convention on Climate Change (UFCCC) held in 2010. The conclusive results of the summit, including the creation of a large “Green Climate Fund”, as well as the opening of a “Climate Technology Center” and a network of long-term cooperation to achieve the goal of the convention supported the accentuating interest in this type of investment [63].
Recent years have brought significant developments in research on green investment due to significant growth in the grants allocated by the European Union, but also by other non-EU countries for such investments.