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Abstract

<title>Abstract</title> <p> <italic>Climate finance has become a critical component of sustainable development and macroeconomic resilience; however, research examining its macroeconomic implications remains fragmented across environmental, financial, and economic disciplines. This study provides a systematic review and bibliometric analysis of the climate finance literature to examine its intellectual development, identify dominant research themes, and highlight emerging directions from a macroeconomic sustainability perspective. Using the Scopus database, 395 publications were initially identified, of which 89 peer-reviewed studies were selected through a PRISMA-guided screening process. Bibliometric mapping was conducted using VOSviewer and complemented by thematic synthesis to analyze the evolution and structure of the literature. The findings indicate a clear transition from environmentally oriented research towards broader issues of sustainable finance, macroeconomic sustainability, and economic resilience. Six interconnected thematic areas emerge from the review, namely economic growth, fiscal sustainability, inflation and macroeconomic stability, employment and just transition, external sector performance, and financial system development. Despite the rapid expansion of the literature, evidence on the long-run macroeconomic effects of climate finance remains limited, particularly for emerging economies, indicating important priorities for future empirical research and policy evaluation. The fragmented evidence provided by combining bibliometric analysis with systematic literature synthesis, is converted into comprehensive macroeconomic perspective on climate finance in this review by identifying key knowledge gaps and developing a future research agenda. This study also provides insights related to policy that can support climate finance strategies design which aimed at promoting sustainable development and macroeconomic resilience especially in emerging economies like India.</italic> <bold>JEL Classification:</bold> Q54, Q56, O44, G28, E60 </p>

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Keywords

macroeconomic finance climate research development

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