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All Journal Clean and Sustainability Business
Rizka Diah Ayu Pramudhita
Universitas 17 Agustus 1945 Semarang, Indonesia
Economics, Econometrics & Finance Energy Environmental Science

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Decarbonization in Developing Countries: A Systematic Review of Energy Transition, Climate Finance, and Policy Governance Rizka Diah Ayu Pramudhita
Clean and Sustainability Business Vol. 2 No. 1 (2026)
Publisher : Generate Digital Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70764/gdpu-csb.2026.2(1)-05

Abstract

Objective: This article aims to map the decarbonization strategies implemented in developing countries, identify driving factors and barriers, and formulate policy implications for accelerating the low-carbon energy transition. Research Design & Methods: This study employs an extensive literature review approach, examining indexed journal articles, reports from international institutions, and case studies from developing countries published. Findings: Decarbonization strategies in developing countries rest on three main pillars: the renewable energy transition, affordable climate finance, and the strengthening of cross-sectoral policy governance; however, their implementation remains constrained by high capital costs and institutional capacity gaps. Contribution: This study develops a synthesis framework that links the literature on energy economics, climate finance, and public policy to provide a comprehensive overview of decarbonization pathways in developing countries. Novelty: Unlike previous studies that tend to focus on a single dimension (technology or financing), this article simultaneously integrates economic, financial, and institutional dimensions by drawing on the latest literature published after 2019.
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