Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios

This scientometric study delves into the integration of clean energy and fintech within investment portfolios, emphasising their role in sustainable development and Environmental, Social, and Governance (ESG) objectives. Through a systematic literature review (SLR) and advanced bibliometric analyses...

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Main Authors: María Celia López-Penabad, Ana Iglesias-Casal, José Manuel Maside-Sanfiz, Ons Ben Larbi
Format: Article
Language:English
Published: Elsevier 2025-05-01
Series:Energy Strategy Reviews
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2211467X25000665
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author María Celia López-Penabad
Ana Iglesias-Casal
José Manuel Maside-Sanfiz
Ons Ben Larbi
author_facet María Celia López-Penabad
Ana Iglesias-Casal
José Manuel Maside-Sanfiz
Ons Ben Larbi
author_sort María Celia López-Penabad
collection DOAJ
description This scientometric study delves into the integration of clean energy and fintech within investment portfolios, emphasising their role in sustainable development and Environmental, Social, and Governance (ESG) objectives. Through a systematic literature review (SLR) and advanced bibliometric analyses, including co-citation, bibliographic coupling, co-word analysis, and thematic mapping, this body of research identifies key thematic clusters and methodological advancements. It highlights the role of clean energy in diversified and resilient portfolios, the dynamic interplay between energy markets and fintech innovations, and the significance of global crises, such as COVID-19, in reshaping research priorities. Novel methodologies, including time-varying parameter vector autoregressive models (TVP-VAR), time-frequency connectedness frameworks, wavelet quantile correlation (WQC), nonparametric causality in quantile approaches, the tail event driven network technique (TENET), empirical mode decomposition-windowed-cross-correlation (EMD-WCC), wavelet-windowed-cross-correlations and the cross-quantilogram approach are showcased as critical tools for understanding interconnected market dynamics. The findings underscore the evolving relationship between green bonds, ESG assets, and traditional financial instruments, with an emphasis on their hedging potential and systemic risk implications. Furthermore, the study explores the impacts of regional energy transitions, particularly in Europe, on economic stability and competitiveness. By integrating bibliometric tools with cutting-edge methodological insights, this paper offers actionable strategies for policymakers, investors, and researchers wishing to align financial practices with global sustainability goals, by fostering resilience in increasingly volatile markets.
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spelling doaj-art-e4e864307c5449868983c07d6ff9b03c2025-08-20T03:25:04ZengElsevierEnergy Strategy Reviews2211-467X2025-05-015910170310.1016/j.esr.2025.101703Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfoliosMaría Celia López-Penabad0Ana Iglesias-Casal1José Manuel Maside-Sanfiz2Ons Ben Larbi3Financial and Accounting Department, ECOBAS Research Center, University of Santiago de Compostela, Santiago de Compostela, Spain; Corresponding author. Financial and Accounting Department, ECOBAS Research Center, Faculty of Economics and Finance, University of Santiago de Compostela, Avda. do Burgo s/n, Santiago de Compostela, 15782, Spain.Quantitative Economic Department, ECOBAS Research Center, University of Santiago de Compostela, Santiago de Compostela, SpainFinancial and Accounting Department, ECOBAS Research Center, University of Santiago de Compostela, Santiago de Compostela, SpainEconomics and Business, University of Santiago de Compostela, Santiago de Compostela, SpainThis scientometric study delves into the integration of clean energy and fintech within investment portfolios, emphasising their role in sustainable development and Environmental, Social, and Governance (ESG) objectives. Through a systematic literature review (SLR) and advanced bibliometric analyses, including co-citation, bibliographic coupling, co-word analysis, and thematic mapping, this body of research identifies key thematic clusters and methodological advancements. It highlights the role of clean energy in diversified and resilient portfolios, the dynamic interplay between energy markets and fintech innovations, and the significance of global crises, such as COVID-19, in reshaping research priorities. Novel methodologies, including time-varying parameter vector autoregressive models (TVP-VAR), time-frequency connectedness frameworks, wavelet quantile correlation (WQC), nonparametric causality in quantile approaches, the tail event driven network technique (TENET), empirical mode decomposition-windowed-cross-correlation (EMD-WCC), wavelet-windowed-cross-correlations and the cross-quantilogram approach are showcased as critical tools for understanding interconnected market dynamics. The findings underscore the evolving relationship between green bonds, ESG assets, and traditional financial instruments, with an emphasis on their hedging potential and systemic risk implications. Furthermore, the study explores the impacts of regional energy transitions, particularly in Europe, on economic stability and competitiveness. By integrating bibliometric tools with cutting-edge methodological insights, this paper offers actionable strategies for policymakers, investors, and researchers wishing to align financial practices with global sustainability goals, by fostering resilience in increasingly volatile markets.http://www.sciencedirect.com/science/article/pii/S2211467X25000665Clean energyFintechSpilloversConnectivityHedging strategiesInvestment portfolios
spellingShingle María Celia López-Penabad
Ana Iglesias-Casal
José Manuel Maside-Sanfiz
Ons Ben Larbi
Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios
Energy Strategy Reviews
Clean energy
Fintech
Spillovers
Connectivity
Hedging strategies
Investment portfolios
title Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios
title_full Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios
title_fullStr Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios
title_full_unstemmed Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios
title_short Clean energy and fintech: A scientometric study on spillovers and hedging in investment portfolios
title_sort clean energy and fintech a scientometric study on spillovers and hedging in investment portfolios
topic Clean energy
Fintech
Spillovers
Connectivity
Hedging strategies
Investment portfolios
url http://www.sciencedirect.com/science/article/pii/S2211467X25000665
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