The Impact of Digital Finance on Clean Energy and Green Bonds through the Dynamics of Spillover

Abstract

Investigated are the effects of digital finance on green bonds and renewable energy. Therefore, the primary objective of this research is to employ a novel time-varying causality test to establish the causal link between green technology, clean energy, digital finance, and environmental responsibility. Study analyzed data from 2001 to 2019 to infer the China region. In addition, for robustness, a spillover dynamic connectedness model is implemented. The empirical results show that the spillovers shocks analysis come from clean energy to digital finance index(30.544%), followed by propagation from clean energy to green economic index (30.544%). Because depending on economic events, the dynamic total connectedness across assets changes over time. Long-term Environmental costs are dramatically reduced by 0.68% with every 1% increase in clean energy consumption. Yet, the entire period from clean energy to digital finance is marked by heightened volatility and causal relevance. The study finds that after the local economy and environmental governance, institutional environment has the second-largest impact on the market expansion for green bonds. The findings add to our understanding of the risk profile of clean energy stocks and emphasise the need for stable, predictable laws in order to increase the marketability of clean energy stocks.

Territorial expansion and sustainable development: a case study of regional small businesses

“…Additionally, some demographic information about the client base of the optics network may have been affected by the deidentification process, which could impact the generalizability of the results. Despite these limitations, we believe that the findings presented in this paper still have relevance and value for understanding the opportunities and challenges of sustainable territorial expansion for regional small businesses in the optics industry [10][11][12][13][14][15][16] The article concludes with recommendations for the optimal placement of another optics network in a sustainable manner, taking into account the specific challenges and opportunities of the optics industry.…”

Legal mechanisms of the Kyrgyz Republic to promote sustainable development and environmental protection

“…Select about 10 highly motivated, socially influential and leading companies to implement pilot projects of the "green supply chain" and explore the possibility of creating a "green supply chain" system. Industry associations are encouraged to increase the level of greening of the industry supply chain through the development of standards, consulting services and selfdiscipline in the industry [9][10][11][12][13][14][15].…”