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

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  • Xu, Xinkuo
  • Li, Jingsi

Abstract

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.

Suggested Citation

  • Xu, Xinkuo & Li, Jingsi, 2023. "Can green bonds reduce the carbon emissions of cities in China?," Economics Letters, Elsevier, vol. 226(C).
    • Handle: RePEc:eee:ecolet:v:226:y:2023:i:c:s0165176523001246
    DOI: 10.1016/j.econlet.2023.111099
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Zhang, Ping & Guo, Qinghua, 2023. "Carbon Emission Reduction Effects of China's Green Local Government Special Bonds under ‘Dual Carbon Goals’," Finance Research Letters, Elsevier, vol. 58(PA).
    2. Meryem Filiz Baştürk, 2024. "Does Green Finance Reduce Carbon Emissions? Global Evidence Based on System Generalized Method of Moments," Sustainability, MDPI, vol. 16(18), pages 1-13, September.
    3. Yang, Xiaoran & Ran, Rong & Chen, Yejing & Zhang, Jie, 2024. "Does digital government transformation drive regional green innovation? Evidence from cities in China," Energy Policy, Elsevier, vol. 187(C).
    4. Decai Tang & Jing Yan & Xin Sheng & Yuehao Hai & Valentina Boamah, 2023. "Research on Green Finance, Technological Innovation, and Industrial Structure Upgrading in the Yangtze River Economic Belt," Sustainability, MDPI, vol. 15(18), pages 1-17, September.
    5. Cheng, Xuanmei & Yan, Chengnuo & Ye, Kaite & Chen, Kanxiang, 2024. "Enhancing resource efficiency through the utilization of the green bond market: An empirical analysis of Asian economies," Resources Policy, Elsevier, vol. 89(C).
    6. Fan, Ruixin & Xiong, Xiong & Li, Youwei & Gao, Ya, 2023. "Do green bonds affect stock returns and corporate environmental performance? Evidence from China," Economics Letters, Elsevier, vol. 232(C).
    7. He, Chaohua & Zhang, Wen, 2024. "The impact of carbon emission trading on the financing constraints of high-emission enterprises: Evidence from China," Finance Research Letters, Elsevier, vol. 67(PB).
    8. Libin Feng & Zhengcheng Sun, 2023. "The Impact of Green Finance Pilot Policy on Carbon Intensity in Chinese Cities—Based on the Synthetic Control Method," Sustainability, MDPI, vol. 15(15), pages 1-21, July.
    9. Mbanyele, William, 2023. "Foreign institutional investors and carbon emissions along the supply chain," Economics Letters, Elsevier, vol. 232(C).
    10. Stepanov, Ilya & Teschner, Na'ama & Zemah-Shamir, Shiri & Parag, Yael, 2024. "How sustainable is the energy transition? Implications of trade on emissions and energy security," Renewable and Sustainable Energy Reviews, Elsevier, vol. 206(C).

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    More about this item

    Keywords

    Green bonds; Carbon emissions; Green innovation; Environmental regulation;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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