Tổng quan nghiên cứu về định giá carbon và chuyển đổi khí hậu trong ngân hàng
DOI:
https://doi.org/10.24311/jabes/2025.36.11.03Keywords:
Carbon pricing, Climate transition risk, BankingAbstract
This study takes a comprehensive bibliometric approach to the carbon - climate transition in the banking sector. Using the Preferred Reporting Items for Systematic Reviews and Meta-analyses (PRISMA) screening process to ensure the systematicity of the data, the author synthesized 42 main studies from 193 publications in the Scopus database during the period 2010 to 2024. From there, through the VOSviewer tool, the study has identified six emerging research clusters: (1) climate risk assessment, (2) financial system and stability, (3) carbon finance, (4) climate change and transition, (5) banking operations, and (6) policy and regulation. These research trends highlight the diversity of the current field while emphasizing policy implications for the region as well as systemic risk issues. Additionally, the emerging research themes identified from the intersection of topic clusters suggest future directions, highlighting the need for continuous methodological innovation, and practical applications to effectively address climate-related financial risks.
References
Alessi, L., Girolamo, E. F. D., Pagano, A., & Giudici, M. P. (2024). Accounting for climate transition risk in banks’ capital requirements. Journal of Financial Stability, 73, 101269. https://doi.org/10.1016/j.jfs.2024.101269
Berlin, M., Byun, S. J., D’Erasmo, P., & Yu, E. (2024). Measuring climate transition risk at the regional level with an application to community banks. European Economic Review, 170, 104834. https://doi.org/10.1016/j.euroecorev.2024.104834
D’Orazio, P. (2023). Climate change and macro-financial risks: Financial policy responses for an orderly low-carbon transition. Environmental Research: Climate, 2(1), 013002. https://doi.org/10.1088/2752-5295/acb790
Garcia-Villegas, S., & Martorell, E. (2024). Climate transition risk and the role of bank capital requirements. Economic Modelling, 135, 106724. https://doi.org/10.1016/j.econmod.2024.106724
Ge, Z., Liu, Q., & Wei, Z. (2024). Assessment of bank risk exposure considering climate transition risks. Finance Research Letters, 67(A), 105903. https://doi.org/10.1016/j.frl.2024.105903
Gourdel, R., Monasterolo, I., Dunz, N., Mazzocchetti, A., & Parisi, L. (2024). The double materiality of climate physical and transition risks in the euro area. Journal of Financial Stability, 71, 101233. https://doi.org/10.1016/j.jfs.2024.101233
Hambel, C., & Van Der Ploeg, F. (2025). Policy transition risk, carbon premiums, and asset prices. Journal of Monetary Economics, 152, 103780. https://doi.org/10.1016/j.jmoneco.2025.103780
Hidalgo-Oñate, D., Fuertes-Fuertes, I., & Cabedo, J. D. (2023). Climate-related prudential regulation tools in the context of sustainable and responsible investment: A systematic review. Climate Policy, 23(6), 704-721. https://doi.org/10.1080/14693062.2023.2179587
Ho, K., & Wong, A. (2023). Effect of climate-related risk on the costs of bank loans: Evidence from syndicated loan markets in emerging economies. Emerging Markets Review, 55, 100977. https://doi.org/10.1016/j.ememar.2022.100977
Jafri, J. A., Amin, S. I. M., Rahman, A. A., & Nor, S. M. (2024). A systematic literature review of the role of trust and security on Fintech adoption in banking. Heliyon, 10(1). https://doi.org/10.1016/j.heliyon.2023.e22980
Kay, D., & Jolley, G. J. (2023). Using input-output models to estimate sectoral effects of carbon tax policy: Applications of the NGFS scenarios. American Journal of Economics and Sociology, 82(3), 187-222. https://doi.org/10.1111/ajes.12503
Lang, Q., Ma, F., Mirza, N., & Umar, M. (2023). The interaction of climate risk and bank liquidity: An emerging market perspective for transitions to low carbon energy. Technological Forecasting and Social Change, 191, 122480. https://doi.org/10.1016/j.techfore.2023.122480
Li, S., & Pan, Z. (2022). Climate transition risk and bank performance: Evidence from China. Journal of Environmental Management, 323, 116275. https://doi.org/10.1016/j.jenvman.2022.116275
Li, X., Qi, M., Zhang, Y., & Xu, J. (2024). How does carbon trading price matter for bank loans? Evidence from Chinese banking sector. Finance Research Letters, 68, 106020. https://doi.org/10.1016/j.frl.2024.106020
Liu, Y., Wang, J., Wen, F., & Wu, C. (2024). Climate policy uncertainty and bank systemic risk: A creative destruction perspective. Journal of Financial Stability, 73, 101289. https://doi.org/10.1016/j.jfs.2024.101289
Liu, Z., Li, J., & Sun, H. (2024). Climate transition risk and bank risk-taking: The role of digital transformation. Finance Research Letters, 61, 105028. https://doi.org/10.1016/j.frl.2024.105028
Monasterolo, I. (2020). Climate change and the financial system. Annual Review of Resource Economics, 12(1), 299-320. https://doi.org/10.1146/annurev-resource-110119-031134
Nguyen, Q., Diaz-Rainey, I., Kuruppuarachchi, D., McCarten, M., & Tan, E. K. M. (2023). Climate transition risk in U.S. loan portfolios: Are all banks the same?. International Review of Financial Analysis, 85, 102401. https://doi.org/10.1016/j.irfa.2022.102401
Nieto, M. J., & Papathanassiou, C. (2024). Financing the orderly transition to a low carbon economy in the EU: The regulatory framework for the banking channel. Journal of Banking Regulation, 25(2), 112-126. https://doi.org/10.1057/s41261-023-00219-6
Penikas, H., & Vasilyeva, E. (2024). Redefining the degree of industry greenness using input-output tables. International Review of Economics & Finance, 89(A), 1073-1090. https://doi.org/10.1016/j.iref.2023.08.008
Reinders, H. J., Schoenmaker, D., & Dijk, M. V. (2023). A finance approach to climate stress testing. Journal of International Money and Finance, 131, 102797. https://doi.org/10.1016/j.jimonfin.2022.102797
Roncoroni, A., Battiston, S., Escobar-Farfán, L. O. L., & Martinez-Jaramillo, S. (2021). Climate risk and financial stability in the network of banks and investment funds. Journal of Financial Stability, 54, 100870. https://doi.org/10.1016/j.jfs.2021.100870
Wu, B., Wen, F., Zhang, Y., & Huang, Z. (2024). Climate risk and the systemic risk of banks: A global perspective. Journal of International Financial Markets, Institutions and Money, 95, 102030. https://doi.org/10.1016/j.intfin.2024.102030
Xu, H. C., Li, T. M., Dai, P. F., Nguyen, D. K., & Zhou, W. X. (2024). Stress testing climate risk: A network-based analysis of the Chinese banking system. Journal of International Money and Finance, 149, 103207. https://doi.org/10.1016/j.jimonfin.2024.103207
Yang, S., Li, S., & Pan, Z. (2023). Climate transition risk of financial institutions: Measurement and response. Applied Economics Letters, 30(17), 2439-2449. https://doi.org/10.1080/13504851.2022.2097630
Yang, Y., Zhao, L., Dong, G., Wang, G.J., & Zhai, Z. (2024). How do climate risks impact climate-policy-relevant sectors? (Working Paper No. 4824780). SSRN. https://doi.org/10.2139/ssrn.4824780
Downloads
Published
Issue
Section
License
Copyright (c) 2025 JOURNAL OF ASIAN BUSINESS AND ECONOMIC STUDIES
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
