Energy and Sustainability Finance: Pathways to a Low-Carbon Economy

Special Issue Editors


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Guest Editor
School of Economics, University of Johannesburg, Johannesburg 2006, South Africa
Interests: energy finance; corporate finance; sustainability finance

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Guest Editor
1. Department of Management, Rockford College, Sydney, Australia
2. Department of Management, Windsor University, Washington, DC, USA
Interests: sustainability; emerging technologies; organizational behaviour; entrepreneurship
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Guest Editor
Computing and Information Technology, African University of Science and Technology (AUST), Abuja, Nigeria
Interests: macroeconomics; energy economics

Special Issue Information

Dear Colleagues,

I am pleased to share that I am serving as Guest Editor, alongside Professor Rohit Bansal and Dr Chimere Iheonu (Co-Guest Editors), for a forthcoming Special Issue of the Journal of Risk and Financial Management (ISSN 1911-8074):

“Energy and Sustainability Finance: Pathways to a Low-Carbon Economy”.

Submission Deadline: 31 July 2026

The transition toward a low-carbon economy demands innovative financial systems capable of mobilizing capital for sustainable energy and climate-resilient development. This Special Issue invites scholarly contributions that examine how financial markets, instruments, and institutions are responding to the imperatives of decarbonization and sustainable growth.

We seek original research, theoretical developments, and policy-oriented studies that advance understanding of the evolving field of energy and sustainability finance. Submissions may explore how sustainable financial mechanisms, investment behaviour, and regulatory innovations contribute to achieving net-zero objectives and enhancing the resilience of financial systems.

Key themes of interest include (but are not limited to) the following:

  • Sustainable finance instruments for energy transition (e.g., green bonds, ESG-linked loans);
  • Investment strategies and capital market responses to climate risk;
  • Energy finance, risk management, and financial stability;
  • ESG integration and sustainable portfolio performance;
  • Financial innovation and policy frameworks for low-carbon transition;
  • Financing energy access and inclusion in emerging economies.

We warmly invite contributions that further insights into how finance can drive the global transition toward sustainable, inclusive, and low-carbon futures.

Dr. Godswill Osuma
Dr. Rohit Bansal
Dr. Chimere Iheonu
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 250 words) can be sent to the Editorial Office for assessment.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • energy finance
  • sustainability finance
  • ESG integration
  • financial innovation
  • low-carbon transition

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Published Papers (2 papers)

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Research

23 pages, 2101 KB  
Article
Do Financial and Digital Inclusion Moderate Changes in Emitted Transport-Related CO2 in the SADC?
by Simon Osiregbemhe Ilogho and Heinz Eckart Klingelhöfer
J. Risk Financial Manag. 2026, 19(6), 388; https://doi.org/10.3390/jrfm19060388 - 28 May 2026
Viewed by 95
Abstract
As mobility and transport activities declined during the COVID-19 lockdowns, transactions and operations became increasingly dependent on digitalisation. This shift reduced the need for carbon-emissions-intensive fossil-fuel-based transportation. Using a panel of thirteen (13) Southern African Development Community (SADC) countries over the period 2002–2021, [...] Read more.
As mobility and transport activities declined during the COVID-19 lockdowns, transactions and operations became increasingly dependent on digitalisation. This shift reduced the need for carbon-emissions-intensive fossil-fuel-based transportation. Using a panel of thirteen (13) Southern African Development Community (SADC) countries over the period 2002–2021, the analysis captures financial inclusion through indicators of ATM density and commercial bank accessibility, while digital inclusion is measured using mobile phone subscriptions and internet penetration. On this basis, it investigates the effects of (a) financial and (b) digital inclusion, and (c) the moderation of financial and digital inclusion on transport-related carbon emissions. Employing the Panel Two-Stage Estimated Generalised Least Square (EGLS) analysis on data obtained from the World Bank database and Our World in Data, the findings reveal statistically significant outcomes. Increasing ATM accessibility, commercial bank branch accessibility and mobile phone subscription rates are associated with reduced transport-related emissions. In contrast, enhanced internet access does not contribute to transport-related carbon emissions. Moderation analyses further indicate that the interaction of the accessibility of ATMs or commercial bank branches with internet access do not lead to a further reduction in carbon emissions than the individual ones but might have a slightly opposing direction (that still do not annihilate the individual effects). Findings show that only the moderation of ATM accessibility and mobile subscriptions reduce transport-related carbon emissions further than the individual effects. Taking the economic development of most SADC countries in the last 20 years into account, the study recommends strategic investment in advanced digital innovations, particularly linked with mobile devices, to strengthen digital banking efficiency and improve customer service while supporting emission-reducing pathways. Full article
(This article belongs to the Special Issue Energy and Sustainability Finance: Pathways to a Low-Carbon Economy)
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18 pages, 580 KB  
Article
The Effects of Financial Stability, Economic Growth, and Industrial Production on Environmental Performance: Evidence from Türkiye
by Huri Gül Aybudak
J. Risk Financial Manag. 2026, 19(3), 166; https://doi.org/10.3390/jrfm19030166 - 27 Feb 2026
Cited by 1 | Viewed by 934
Abstract
Environmental performance constitutes a core dimension of the environmental, social, and governance (ESG) framework; however, empirical evidence for developing economies such as Türkiye remains limited, particularly regarding regime-dependent effects. Accordingly, this study examines the effects of financial stability, economic growth, and industrial production [...] Read more.
Environmental performance constitutes a core dimension of the environmental, social, and governance (ESG) framework; however, empirical evidence for developing economies such as Türkiye remains limited, particularly regarding regime-dependent effects. Accordingly, this study examines the effects of financial stability, economic growth, and industrial production on environmental performance for Türkiye within a Markov-switching error correction and time-varying parameter state–space framework using annual data for 1990–2023. The findings show that financial stability is insignificant in the low error-variance regime but is negatively associated with environmental performance in the high error-variance regime. Economic growth is negatively associated with environmental performance in the low error-variance regime and becomes insignificant in the high error-variance regime. In contrast, industrial production has a positive and statistically significant effect on environmental performance in both regimes. The error correction mechanism indicates that short-run disequilibria are gradually corrected, supporting the existence of long-run convergence. Furthermore, the time-varying parameter state–space estimates indicate that these effects change over time. Overall, the findings indicate that the effects of financial stability, economic growth, and industrial production on environmental performance differ depending on regime periods and changing economic conditions. Full article
(This article belongs to the Special Issue Energy and Sustainability Finance: Pathways to a Low-Carbon Economy)
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