Ihor Vakulenko, ORCID: https://orcid.org/0000-0002-6994-833X
PhD, Sumy State University, Ukraine
Liudmyla Saher, ORCID: https://orcid.org/0000-0002-5628-5477
PhD, Institute of Economic Research of the Slovak Academy of Sciences, Slovak Republic
Anastasiia Shymoshenko, ORCID: https://orcid.org/0009-0008-1846-0781
Student, Sumy State University, Ukraine
The purpose of the article is to study trends in the development of scientific interest in the issue of implementing a carbon-neutral economy. The authors performed a bibliometric analysis of the publications indexed in the Scopus database using VOSviewer 1.6.16 software and Microsoft Excel. This analysis contributes to determining prospects for transitioning to a carbon-neutral economy and priority areas requiring special attention to accelerate this process. The obtained results of the study of the patterns of the development of the carbon-neutral economy indicate that this concept has a dynamic development, which traces the prerequisites for the formation of a powerful scientific school that investigates the influence of changes in the level of energy efficiency in the process of carbon-neutral development of the national economy. Analysis of the dynamics of publication activity demonstrates a reasonably rapid growth in the number of publications. From 1992 to March 2023, the average growth rate of published research results in the analyzed field was 28.50%. A comparison of subject areas in the study of the carbon-neutral economy shows the predominance of energy, ecology, and socio-economic studies. As a result of the bibliometric analysis of 654 publications indexed by the scientometric database Scopus during 1992-2023 on the topic of the carbon-neutral economy using the software VOSViewer v. 1.6.10, six scientific clusters were identified, which study the possibilities of building an economic system with minimal carbon emissions, taking into account the technical, technological, climatic, social and economic aspects of this issue. However, there is an urgent need to study the organizational and economic mechanisms of replacing non-renewable energy resources with renewable ones in the conditions of rapid changes in the global energy market. The study of the geographical affiliation of the authors of scientific works in this area showed that scientists from China, the USA, Great Britain, Germany, India, Canada, Italy, Japan, Switzerland, and Spain published the most significant number of publications. The share of publications by geographical affiliation to these countries is 75%. At the same time, the number of publications in the Scopus database published by domestic authors is relatively small, which once again confirmed the lack of research and timeliness of the study carried out in Ukraine.
Keywords: сarbon-neutral economy, bibliometric analysis, visualization, renewable energy, greenhouse gases, climate policy, sustainable development.
JEL Classification: Q42, О10.
Cite as: Vakulenko, I., Saher, L., Shymoshenko, A. (2023). Systematic literature review of сarbon-neutral economy concept. SocioEconomic Challenges, 7(1), 139-148. https://doi.org/10.21272/sec.7(1).139-148.2023
This work is licensed under a Creative Commons Attribution 4.0 International License
- Abbasi, T., & Abbasi, S. A. (2010). Biomass energy and the environmental impacts associated with its production and utilization. Renewable and Sustainable Energy Reviews, 14(3), 919-937. [CrossRef].
- Alataş, S. Towards a carbon-neutral economy: The dynamics of factor substitution in Germany (2020). Environ Sci Pollut Res, 27, 26554–26569. [CrossRef].
- Barth, M., & Boriboonsomsin, K. (2009). Energy and emissions impacts of a freeway-based dynamic eco-driving system. Transportation Research Part D: Transport and Environment, 14(6), 400-410. [CrossRef]. Chen, C., Khosrowabadi Kotyk, J. F., & Sheehan, S. W. (2018). Progress toward commercial application of electrochemical carbon dioxide reduction. Chem, 4(11), 2571-2586. [CrossRef].
- Chen, L., Msigwa, G., Yang, M. et al. Strategies to achieve a carbon neutral society: a review. Environ Chem Lett 20, 2277–2310 (2022). [CrossRef].
- Halloran, J.W. (2007). Carbon-neutral economy with fossil fuel-based hydrogen energy and carbon materials. Energy Policy, 35 (10), 4839-4846. [CrossRef].
- Ji, X., Zhang, Y., Mirza, N., Umar, M., Rizvi, S.K.A. (2021). The impact of carbon neutrality on the investment performance: Evidence from the equity mutual funds in BRICS. Journal of Environmental Management, 297, 113228. [CrossRef].
- Kexiang Hu, Chandrashekar Raghutla, Krishna Reddy Chittedi, Rui Zhang, Mansoor Ahmed Koondhar (2021). The effect of energy resources on economic growth and carbon emissions: A way forward to carbon neutrality in an emerging economy. Journal of Environmental Management, 298, 113448. [CrossRef].
- Khan, S. A., Rashmi, Hussain, M. Z., Prasad, S., & Banerjee, U. C. (2009). Prospects of biodiesel production from microalgae in india. Renewable and Sustainable Energy Reviews, 13(9), 2361-2372. [CrossRef].
- Lee, D. S., Pitari, G., Grewe, V., Gierens, K., Penner, J. E., Petzold, A., . . . Sausen, R. (2010). Transport impacts on atmosphere and climate: Aviation. Atmospheric Environment, 44(37), 4678-4734. [CrossRef].
- Liu, Z., Deng, Z., He, G. et al. (2022). Challenges and opportunities for carbon neutrality in China. Nat Rev Earth Enviro, 3, 141–155. [CrossRef].
- Muradov, N. Z., & Veziroǧlu, T. N. (2008). “Green” path from fossil-based to hydrogen economy: An overview of carbon-neutral technologies. International Journal of Hydrogen Energy, 33(23), 6804-6839. [CrossRef].
- Pimonenko T., Lyulyov O., Letunovska N. (2021). Circular and carbon-free economy: road map for harmonizing national and European standards for energy market : monograph. Szczecin : Centre of Sociological Research, 153 p. [Link].
- Pimonenko, T. V., Lyulov, O. V., Zyabina, E. A., Makarenko, I. O., & Vasylyna, T. M. (2021a). Forecasting the structure of the energy balance of Ukraine: the specific weight of renewable energy sources. Scientific View: Economics and Management, 4 (74), 21-27.
- Pimonenko, T., Lyulyov, O., Us, Y., Kwilinsky, A., Nazarenko, A., & Myroshnychenko, Y. (2021b). Renewable energy generation in the energy balance: the forecast until 2035. Mechanism of an Economic Regulation, 2 (92), 23-32. [CrossRef].
- Shao, X., Zhong, Y., Li, Y., Altuntaş, M. (2021). Does environmental and renewable energy R&D help to achieve carbon neutrality target? A case of the US economy. Journal of Environmental Management, 296, 113229. [CrossRef].
- Singh, D., Sharma, D., Soni, S. L., Sharma, S., Kumar Sharma, P., & Jhalani, A. (2020). A review on feedstocks, production processes, and yield for different generations of biodiesel. Fuel, 262. [CrossRef].
- Sivula, K., & Van De Krol, R. (2016). Semiconducting materials for photoelectrochemical energy conversion. Nature Reviews Materials, 1(2). [CrossRef].
- Song, Q. -., Zhou, Z. -., & He, L. -. (2017). Efficient, selective and sustainable catalysis of carbon dioxide. Green Chemistry, 19(16), 3707-3728. [CrossRef].
- Stern, N. (2022). Towards a carbon neutral economy: How government should respond to market failures and market absence. Journal of Government and Economics, 6, 100036. [CrossRef].
- Yue, M., Lambert, H., Pahon, E., Roche, R., Jemei, S., & Hissel, D. (2021). Hydrogen energy systems: A critical review of technologies, applications, trends and challenges. Renewable and Sustainable Energy Reviews, 146. [CrossRef].