Climate Change and Entrepreneurship: A Review and Research Agenda

Abstract

As climate change risks intensify, the role of entrepreneurial activities in addressing these challenges and promoting sustainable development becomes increasingly vital. Through a systematic literature review using a bibliometric analysis of 387 studies from Scopus up to December 31, 2023, this study focuses on the intersection of entrepreneurship and climate change. It contributes to academic understanding by offering insights into current trends for entrepreneurs, researchers, and policymakers. Our analysis examines publication trends, leading authors, countries/regions, and common themes to elucidate research efforts on entrepreneurial activities in the context of climate change. Contrary to typical trends in the geographical distribution, the study identifies a significant increase in contributions from developing countries such as China, India, and the Russian Federation. Furthermore, when evaluating entrepreneurship in the context of climate change, we observe a prominence of innovation and sustainability-focused approaches. The primary finding of the study is the literature's attribution of significant responsibility to entrepreneurship in combating climate change and its consideration of entrepreneurship as a prerequisite for sustainable approaches. By demonstrating a sustainable attitude, entrepreneurs can contribute to the fight against climate change across various domains, ranging from policy to social life, and from collective efforts in the economy to individual endeavors.