Investments support for Sustainable Development Goal 7: Research gaps in the context of post-COVID-19 recovery

  • Received December 24, 2022;
    Accepted February 10, 2023;
    Published February 17, 2023
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/imfi.20(1).2023.14
  • Article Info
    Volume 20 2023, Issue #1, pp. 151-173
  • TO CITE АНОТАЦІЯ
  • Cited by
    5 articles
  • 593 Views
  • 340 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

Successful achievement of the 17 Sustainable Development Goals (SDGs), including SDG 7: Affordable and Clean Energy, is impossible without proper financial support, especially after the devastating impact of the COVID-19 pandemic. Despite more than million academic papers related to SDG 7, only very few of them address the financial aspects of achieving SDG 7. To test the hypothesis, “SDG 7 related academic studies ignore the issue of investment in general and responsible investment in particular”, a meta-analysis is performed that includes a number of specific instruments and technics such as SciVal by Elsevier, VosViewer, Google trends, Google Books Ngram Viewer and Google Data. The results show a lack of appropriate academic support (methodology, empirical results, econometric models etc.) for practitioners to fill the existing financial gap and successfully achieve SDG 7. Among 1.2 million SDG 7 related papers, less than 100 deal with the financial gap problem measured by trillions of dollars in achieving SDG 7. This paper identifies the most promising and relevant topics for study related to SDG 7 and investment: the impact of the pandemic on decisions in the energy sector; efficiency of SDG 7 investment support and methodology for its assessment; green bonds, green loans, sovereign green bonds as responsible investment tools to advance SDG 7.

Acknowledgments
Inna Makarenko gratefully acknowledges support from the Supreme Council of Ukraine (0122U201796).
The research was supported by the Scientific Grant Agency of the Ministry of Education, Science, Research, and Sport of the Slovak Republic and the Slovak Academy Sciences (VEGA), project No 1/0364/22: Research on eco-innovation potential of SMEs in the context of sustainable development.

view full abstract hide full abstract
    • Figure 1. SDG-related papers in SciVal in 2017–2022
    • Figure 2. Key phrases analysis results for SDG 7 research area in 2016–2022
    • Figure 3. Newly emerged topics for SDG 7 in 2021
    • Figure 4. Co-occurrence map of SDG 7 publications
    • Figure 5. Co-occurrence map of SDG 7 publications and investment related research areas
    • Figure 6. Internet queries related to SDG 7, Responsible investment and Investment Gap in 2004–2022
    • Figure 7. Internet users’ interest in SDG 7, Responsible investment and Investment Gap in 2004–2022: top 10 countries, %
    • Figure 8. Ngram on the research terms of SDG 7 and Investment in 1960–2019
    • Figure 9. Ngram on the research terms of SDG 7 and Investment gap in 2000–2019
    • Figure 10. Ngram on the research terms of SDG 7 and Responsible Investment in 2000–2019
    • Figure 11. Ngram on the research terms of SDG 7 and COVID-19 in 2000–2019
    • Figure A1. Structural analysis by subjects for the case of SDG 7
    • Figure A2. Structural analysis by subjects for the case of SDG 7 and Investment
    • Figure A3. Structural analysis by subjects for the case of SDG 7 and Responsible Investment
    • Figure A4. Structural analysis by subjects for the case of SDG 7 and Investment Gap
    • Figure A5. Structural analysis by subjects for the case of SDG 7 and COVID-19
    • Figure D1. Top 1% topics in each research area SDG 7, SDG 7 and Investment, SDG 7 and Responsible Investment in 2016–2022
    • Figure D2. Top 1% topics research area SDG 7 and Investment Gap, SDG 7 and COVID-19 in 2016–2022
    • Table 1. Key methodology instruments and their usage in this study
    • Table 2. State-of-the-art analysis of SDG 7 and investment research areas in 2010–2022 as of December 25, 2022
    • Table 3. Dynamic analysis of SDG 7 and investment research areas in 2010–2022 as of December 25, 2022
    • Table 4. Top 1% research area clusters in 2016–2021 by prominence
    • Table B1. Top 10 institutions, sectors and countries in each research area by scholarly output in 2016–2022
    • Table C1. Top 10 journals by scholarly output in each Research Area in 2016–2022
    • Table E1. List of papers based on a bibliometric map of publications related to SDG 7 and Investment and SDG 7 and Responsible investment, SDG 7 and Investment Gap
    • Table E2. List of papers based on a bibliometric map of publications related to SDG 7 and COVID-19
    • Table F1. Examples of source in each research areas, generated via Google Public Data Explorer as of December 25, 2022
    • Conceptualization
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Data curation
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Formal Analysis
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Funding acquisition
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Investigation
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Methodology
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Project administration
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Resources
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Software
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Supervision
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Validation
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Visualization
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Writing – original draft
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina
    • Writing – review & editing
      Inna Makarenko, Yuriy Bilan, Dalia Streimikiene, Larysa Rybina