Green Finance as an Innovative Solution for Transforming the Tourism Industry: A Bibliometric Study

Abstract

Green finance has an important role in supporting sustainable tourism development while still considering economic, social, and environmental impacts. The urgency of this research lies in green finance which is an innovative solution in funding environmentally friendly projects so that it becomes a great opportunity to encourage the transformation of the tourism industry towards sustainable practices. This research aims to map trends and green finance research networks that play a role in supporting sustainable tourism development. Data analysis was carried out using bibliometric methods sourced from the Scopus database. The results obtained were in the form of a dataset consisting of 654 documents and processed using Rstudio and Biblioshiny. The results show that there has been a significant increase in publications in 2020-2023. It can also be seen that there is a connection between the application of green finance in realizing sustainable development. This is an opportunity to apply to the tourism industry. Apart from that, it was also found that there was a concentration on this research topic in China. It is hoped that the findings of this research will produce a better understanding of trends and research networks in green finance and can contribute to the development of appropriate policies and strategies for sustainable tourism development.