"Evolution of Climate and Weather Risk in Financial Market: A Scopus-Based Bibliometric Perspective"

Abstract

This bibliometric analysis explores the progression of research on climate and weather-related risks in financial markets, based on 1,376 publications indexed in the Scopus database from 1982 to 2025. Showing a notable annual growth rate of 13.72%, the field reflects growing scholarly attention and increasing relevance. The findings indicate a thematic evolution—from early studies focused on environmental policy and insurance frameworks to more recent emphases on risk assessment, green finance, and carbon trading mechanisms. Collaboration trends reveal a dominant research core led by the USA, UK, and Germany, with additional regional clusters gaining momentum in Asia and the Middle East. The network exhibits a scale-free pattern, where a few central institutions and countries play a disproportionately influential role. Overall, this study offers a thorough overview of the intellectual and collaborative dynamics within the field, providing meaningful insights for academics and stakeholders working at the intersection of climate risk and financial system resilience.