Energy finance has grown rapidly and attracted considerable attention for the increasing interactions between energy and financial industries. However, the scope and boundary of energy finance are still unclear due to the diversity of emerging research topics. Therefore, this paper provides a profile of energy finance conducting bibliometric analysis from four dimensions: the intellectual base, research trajectories, intellectual communities, and research fronts. This paper analyzed 10,961 related articles sourced from Web of Science (WOS) since 1904 through three bibliometric analysis approaches: co-citation network analysis, main path analysis and bibliographic coupling analysis. We find that research of energy finance has experienced three stages and can be categorized into five themes: “energy and financial market”, “pricing mechanisms of energy”, “energy derivative markets”, and “green finance”. Furthermore, through retrospective and co-citation analyses of the recent literature, we identify six research frontiers: “stock markets and energy prices”, “exchange rate and energy market systemic risk modeling”, “financial policies related to sustainability and low carbon”, “climate and the state of the carbon emissions trading market”, “crude oil price forecasting and future market”, and “energy infrastructure investment and financing”. These findings contribute to the systematic research and an overall mapping of energy finance.

中文翻译：

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能源金融研究：文献背后发生了什么？


能源金融发展迅速，能源与金融产业互动日益密切，备受关注。然而，由于新兴研究主题的多样性，能源金融的范围和边界仍然不明确。因此，本文从知识基础、研究轨迹、知识群体、研究前沿四个维度对能源金融进行文献计量分析。本文通过共被引网络分析、主路径分析和书目耦合分析三种文献计量分析方法，对1904年以来Web of Science（WOS）中的10,961篇相关文章进行了分析。我们发现，能源金融的研究经历了三个阶段，可分为“能源与金融市场”、“能源定价机制”、“能源衍生品市场”和“绿色金融”五个主题。此外，通过对近期文献的回顾性和同被引分析，我们确定了六个研究前沿：“股票市场和能源价格”、“汇率和能源市场系统性风险模型”、“与可持续发展和低碳相关的金融政策”、 “气候与碳排放交易市场状况”、“原油价格预测与未来市场”、“能源基础设施投融资”。这些发现有助于系统研究和能源金融的整体规划。