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Associate Professor (Associate Professor), School of Global Studies, Tokai University
(Concurrent)Tokai Research Institute for Environment and Sustainability (TRIES)
PhD(Keio University)

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Dr. Farhad Taghizadeh-Hesary is an associate professor of economics at Tokai University in Japan. In addition, he is a vice president and co-founder of the International Society for Energy Transition Studies (ISETS) based in Australia.

He has taught as an assistant professor at Keio University and Waseda University in Japan. He is/was a visiting professor at various universities and institutions, including Keio University (Japan); Chiang Mai University (Thailand), the University of Economics Ho Chi Minh City (Vietnam); UCSI University (Malaysia); Institute of Energy Economics of Japan -IEEJ (Japan); the Credit Risk Database (CRD) association of Japan; Graduate School of Economics of the University of Tokyo (Japan); Griffith University, (Australia); The University of Tasmania, (Australia).

He received the Excellent Young Researcher (LEADER) status from the Ministry of Education, Culture, Sports, Science, and Technology (MEXT) in 2019.

In 2022 he was listed on Clarivate’s list of Highly Cited Researchers™ (the World's Top 0.1% of scientists). In addition, in 2022, he was listed as one of the world’s top 2% scientists in economics and energy fields based on the Stanford-Elsevier ranking. He was ranked as a top global scholar in green finance based on two recent bibliometric studies published in the Renewable Energy journal (Elsevier) and the Renewable and Sustainable Energy Reviews journal (Elsevier) in 2022. He was ranked first globally as the most prolific author in the field of climate finance, according to the bibliometric study published in the Journal of Climate Finance journal of Elsevier in 2023.

On April 19, 2023, he received the Commendation for Science and Technology from the Minister of Education, Culture, Sports, Science, and Technology of Japan for his outstanding research achievements in renewable energy financing, especially for designing the green credit guarantee scheme.

Dr. Taghizadeh-Hesary has published a wide range of topics, including energy economics, energy policy, green finance, small and medium-sized enterprises finance, Asian economics, and the contemporary Japanese economy.

He is currently serving as Editor-In-Chief of the Journal of Environmental Assessment Policy and Management (The World Scientific) and associate editor/board member of several other journals, including Economic Change and Restructuring, Energy Efficiency, Singapore Economic Review, Global Finance Journal, Financial Innovation, Journal of Risk Finance, Review of Accounting and Finance, China Financial Review International, Frontiers in Energy Research, Vision-The Journal of Business Perspective.

He has guest-edited special issues for prestigious journals, including Energy Policy, Energy Economics, Finance Research Letters, Economic Analysis and Policy, Resources Policy, Utilities Policy, Renewable Energy, Journal of Environmental Management, Climate Change Economics, Economic Change and Restructuring, and Global Finance Journal.

His research credits include authoring over 275 academic journal papers and book chapters and editing 20 books published by major publishers, including Springer, Routledge, World Scientific, and the Asian Development Bank Institute.

Dr. Taghizadeh-Hesary led, managed, and has been involved in dozens of research, capacity building and training (CBT) and consulting projects on energy, economic, and financial-related topics for the international organizations and institutions, including; the United Nations; Asian Development Bank, Asian Development Bank Institute; Economic Research Institute for ASEAN and East Asia; Central Asian Regional Economic Cooperation Institute; and financial institutions and governments of various countries.

Dr. Farhad Taghizadeh-Hesary holds a Ph.D. degree in economics from Keio University, Japan, with a scholarship from the government of Japan (Monbusho: MEXT) and a Master’s in energy economics from Tehran University, Iran.




  • Han Phoumin, Rabindra Nepal, Fukunari Kimura, Farhad Taghizadeh-Hesary
    Economics, Law, and Institutions in Asia Pacific, Part F2208 v-viii, 2024  
  • Han Phoumin, Farhad Taghizadeh-Hesary, Fukunari Kimura
    Green Finance and Renewable Energy in ASEAN and East Asia, 1-262, Jan 1, 2023  
  • Farhad Taghizadeh-Hesary, Suk Hyun
    Economics, Law, and Institutions in Asia Pacific, vii-xii, 2022  
  • Han Phoumin, Rabindra Nepal, Fukunari Kimura, Gazi Salah Uddin, Farhad Taghizadeh-Hesary
    Revisiting Electricity Market Reforms: Lessons for ASEAN and East Asia, 1-294, Jan 1, 2022  

Books and Other Publications




Teaching Experience


Professional Memberships


Research Projects


Media Coverage

  • Sustainability (MDPI, SSCI, SCIE), Special issue on Secure and Sustainable Energy System, 2023
  • Singapore Economic Review (World Scientific, SSCI, Scopus), Special issue on Poverty Alleviation for Inclusive Growth, 2023
  • Economic Change and Restructuring (Springer, SSCI, Scopus), Special issue on Fiscal Policy Instruments and Green Recovery in the Post-Covid-19 era, 2023
  • Economic Analysis and Policy (Elsevier, SSCI, Scopus), Special issue on Economic policies to make small and medium-sized enterprises survive in the wake of COVID-19 and beyond, 2023
  • Economic Analysis and Policy (Elsevier, SSCI, Scopus), Special issue on Green Recovery in the Face of Substantial Budget Deficits, 2023
  • Resources Policy (Elsevier, SSCI, Scopus), Special issue on Volatility of Natural Resources Commodity Prices and Economic Performance in the Post Covid-19 Era: Implications for Promoting Green Sector, 2023
  • Renewable Energy (Elsevier, SCIE, Scopus), Special issue on Role of Green Finance in Renewable Energy Development, 2023
  • Financial Innovation (Springer, SSCI, Scopus), Special issue on Green Digital Finance and Energy Transition, 2023
  • Global Finance Journal (Elsevier, SSCI, Scopus), Special issue on Digital Finance for Technological Progress, 2023
  • Financial Innovation (Springer, SSCI, Scopus),, 2023
  • Nature Sustainability, Nature Publisher,, Oct, 2022 Newspaper, magazine
  • China Finance Review International (Emerald Publishing, ESCI, Scopus), Special issue on Green and Energy Efficiency Finance, 2022
  • Studies of Applied Economics (Estudios de Economia Aplicada) (ESCI, Scopus), Special issue on the Importance of Green Finance in the Post-Covid-19 for meeting the SDGs, 2022
  • Global Finance Journal (Elsevier, ESCI, Scopus), Special issue on Green Finance and the Post-Covid World, 2022
  • Energy Efficiency (Springer, SSCI, SCIE, Scopus), Special issue on Energy Efficiency Finance and Sustainable Development Goals, 2022
  • Climate Change Economics (World Scientific, SSCI, Scopus), Special issue on Ways to Achieve Green Economic Recovery and Mitigating Greenhouse Gases in the post-COVID-19 era, 2022
  • Journal of Risk Finance (Emerald Publishing, ESCI, Scopus), 2022
  • Review of Accounting and Finance (Emerald Publishing, ESCI, Scopus), 2022
  • International Journal of Financial Studies (MDPI, ESCI, Scopus), 2022
  • Editor 
    Economics Open (World Scientific), 2022