Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns

This study aimed to examine the impact of renewable energy on financial returns for organizations. Using the systematic literature review methodology proposed by Kitchenham, 35 papers were shortlisted from the Web of Science database. Descriptive analysis was conducted using Excel and SPSS to exami...

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Main Authors: Shoirahon Odilova, Zebo Sharipova, Sardor Azam
Format: Article
Language:English
Published: EconJournals 2023-07-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:http://econjournals.com/index.php/ijeep/article/view/14375
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author Shoirahon Odilova
Zebo Sharipova
Sardor Azam
author_facet Shoirahon Odilova
Zebo Sharipova
Sardor Azam
author_sort Shoirahon Odilova
collection DOAJ
description This study aimed to examine the impact of renewable energy on financial returns for organizations. Using the systematic literature review methodology proposed by Kitchenham, 35 papers were shortlisted from the Web of Science database. Descriptive analysis was conducted using Excel and SPSS to examine the total citation by each article, research area, publisher, and publication year. The findings indicated a positive relationship between renewable energy and financial returns, with all papers reviewed supporting this conclusion. Organizations are recommended to invest in renewable energy as it aligns with sustainability goals and contributes to improved financial returns. However, limitations to the available literature highlight the need for further research to understand the full scope of the relationship between renewable energy and financial returns. This study provides important insights into the benefits of renewable energy and its positive impact on financial returns for organizations. Overall, the study contributes to the existing literature on the benefits of renewable energy for organizations looking to reduce costs, increase energy security, and enhance their reputation.
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spelling doaj.art-a6052c94bc024a0bb259473ef0f408642023-07-13T14:34:53ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-07-0113410.32479/ijeep.14375Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial ReturnsShoirahon Odilova0Zebo Sharipova1Sardor Azam21Akfa University, Tashkent, Uzbekistan,Kimyo International University in Tashkent, UzbekistanAkfa University, Tashkent, Uzbekistan This study aimed to examine the impact of renewable energy on financial returns for organizations. Using the systematic literature review methodology proposed by Kitchenham, 35 papers were shortlisted from the Web of Science database. Descriptive analysis was conducted using Excel and SPSS to examine the total citation by each article, research area, publisher, and publication year. The findings indicated a positive relationship between renewable energy and financial returns, with all papers reviewed supporting this conclusion. Organizations are recommended to invest in renewable energy as it aligns with sustainability goals and contributes to improved financial returns. However, limitations to the available literature highlight the need for further research to understand the full scope of the relationship between renewable energy and financial returns. This study provides important insights into the benefits of renewable energy and its positive impact on financial returns for organizations. Overall, the study contributes to the existing literature on the benefits of renewable energy for organizations looking to reduce costs, increase energy security, and enhance their reputation. http://econjournals.com/index.php/ijeep/article/view/14375Renewable Energy, Renewable energy sources, Financial Returns, Kitchenham Methodology
spellingShingle Shoirahon Odilova
Zebo Sharipova
Sardor Azam
Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns
International Journal of Energy Economics and Policy
Renewable Energy, Renewable energy sources, Financial Returns, Kitchenham Methodology
title Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns
title_full Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns
title_fullStr Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns
title_full_unstemmed Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns
title_short Investing in the Future: A Systematic Literature Review on Renewable Energy and its Impact on Financial Returns
title_sort investing in the future a systematic literature review on renewable energy and its impact on financial returns
topic Renewable Energy, Renewable energy sources, Financial Returns, Kitchenham Methodology
url http://econjournals.com/index.php/ijeep/article/view/14375
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