Can green bonds reduce the carbon emissions of cities in China?

This paper verifies green bonds’ negative effect on city carbon emissions with the data of 355 cities in China from 2016 to 2020. This inhibitory effect acts through green innovation and environmental regulation and is more pronounced for economy-developed cities. •This paper investigates how green...

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Bibliographic Details
Published in:Economics letters 2023-05, Vol.226, p.111099, Article 111099
Main Authors: Xu, Xinkuo, Li, Jingsi
Format: Article
Language:English
Subjects:
Carbon emissions
Environmental regulation
Green bonds
Green innovation
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Summary:This paper verifies green bonds’ negative effect on city carbon emissions with the data of 355 cities in China from 2016 to 2020. This inhibitory effect acts through green innovation and environmental regulation and is more pronounced for economy-developed cities. •This paper investigates how green bonds affect the carbon emissions at city-level.•Green bonds suppress the amount and the intensity of carbon emissions in cities.•Green innovation works in the carbon mitigation effect of green bonds.•Environmental regulation works in the carbon mitigation effect of green bonds.•Green bonds’ mitigation effect is more pronounced in economy-developed cities.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2023.111099