A Sustainable Financial Inclusion for Transition to Low Carbon Energy Sources: Global Perspective


The economic growth with increased output and consumption are likely to place an adverse impact on the global environment (e.g., increased consumption of non-renewable resources, higher level of pollution). There is an urgent need to simultaneously address economic growth, climate change and provide access to affordable, clean, and reliable energy services. However, a transition to a low carbon energy system cannot be achieved without unprecedented levels of financial resources and hence, financial services sector has a critical role to play. Financial inclusion aims to help businesses and individuals to access financial products and services at an affordable and sustainable cost. The World Bank has identified that financial inclusion as a key enabler for 7 of the 17 United Nation Sustainable Development Goals (SDGs), including Goal 7: Affordable and Clean Energy). With the staggering impacts of COVID-19 pandemic on the global economies, growing urgency for sustainable recovery, it is critical to take a fresh look at global financial inclusion strategies. In particular, how financial inclusion is linked with sustainability? To what extent financial inclusion facilitate businesses and households to behave more sustainably (e.g. invest in green technologies in production functions; purchase in energy-efficient products)? What kind of the strategies could be adopted to drive financial inclusion for accelerating 1) the investments in improving energy efficiencies in sectors such as agriculture, industry and services; 2) the consumption and production of renewable energy in both emerging and developed countries?

This article collection call invites papers that explore new findings in achieving goals related to financial inclusion and transition to a low carbon energy system.

Objectives and Scope

This article collection aims to bridge a knowledge gap between low carbon energy system and financial inclusion by collecting quality research papers from a global perspective.

Possible contributors:

• Researchers who intend to contribute to financial inclusion and energy efficient technology in production function.

• Researchers interested to explain contemporary issues in financial inclusion and energy efficiency.

• Researchers and scholars with expertise and interest in transportation economics, management and environmental science.

• Researchers, scholars and industry experts with expertise in financial inclusion and energy related studies.

• Researchers interested in technology management and technology application in transportation and especially in green transportation.

• Researchers interested in exploring sustainable financial environment.

• Scholars interested in financial inclusion with renewable or clean energy.

• Scholars interested in public policy in the area of financial inclusion.

• Scholars interested in public policy in the energy efficiency.

• Researchers working in groups and think tanks to suggest future of financial inclusion.

• Researchers and scholars interested to produce revolutionary dimensions for renewable energy.

• Industrial experts interested in the low carbon and sustainable financial development.

• Stakeholders with research and policy interest in the financial inclusion and energy efficiency.

• Special interest groups & NGOs who are interested in green environment due to efficient energy system and sustainable financial policies.

This call for article collection welcomes submissions in the following areas:

• Financial inclusion and energy efficiency initiatives in emerging markets.

• Role of financial intermediaries towards energy efficiency in both emerging and developing economies.

• Financial inclusion, energy efficiency related issues and challenges.

• Role of financial inclusion and SME financing towards energy efficiency.

• Financial inclusion and sustainable development.

• Determinants of energy efficiency and financial inclusion.

• Rural development, energy efficiency and financial inclusion.

• Energy efficiency, Industry 4.0 and the role of financial inclusion.

• New approached towards financial inclusion and sustainable environment.

• Inclusive growth through energy efficiency and financial inclusion.

• Smart contracts, financial inclusion, energy efficiency and future perspectives.

• Promoting green environment through financial inclusion.

• Energy efficient commodities, financial inclusion and carbon footprint.

• Long-term credits and renewable energy.

• Energy policy making.

• Financial inclusion, renewable energy and industrial production.

• Responsible finance and sustainability.

• Payment system and green environment.

• Financial services for renewable energy.

• Project financing models.

• Relationship between energy efficiency and financial inclusion.

Review Process:

This article collection calls welcome novel and state-of-the-artwork from the researchers and policymakers. After the initial screening by the guest editors, the submissions will go through a rigorous double-blind review process. On the compilations of referee reports, the editors will make the final decision. The submissions which are found to be internationally excellent in terms of originality, significance and rigour will be considered for publication.

Additional timelines:

Revised-submission deadline: 30 September 2021

Acceptance deadline: 31 December 2021


  • Professor Dr. Muhammad Shahbaz

    Professor in Energy

    Economics Beijing Institute of Information Technology, China

    Senior Research Fellow Department of Land Economy University of Cambridge, United Kingdom


  • Prof. Dr. Muhammad Shujaat Mubarak

    College of Business Management

    Institute of Business Management

    Karachi, Pakistan


  • Dr. Bing Xu

    Associate Professor in Finance

    Edinburgh Business School

    Heriot-Watt University, United Kingdom


  • Dr. Muhammad Ali

    Assistant Professor of Finance

    Department of Accounting and Finance

    Institute of Business Management

    Karachi, Pakistan



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