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

被引:24
作者
Xu, Xinkuo
Li, Jingsi
机构
[1] Capital Univ Econ & Business, Sch Finance, Beijing, Peoples R China
[2] Capital Univ Econ & Business, Sch Finance, Zhangjialukou 121, Beijing 100070, Peoples R China
关键词
Green bonds; Carbon emissions; Green innovation; Environmental regulation;
D O I
10.1016/j.econlet.2023.111099
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (c) 2023 Elsevier B.V. All rights reserved.
引用
收藏
页数:7
相关论文
共 26 条
  • [1] Green finance and decarbonization: Evidence from around the world
    Al Mamun, Md
    Boubaker, Sabri
    Duc Khuong Nguyen
    [J]. FINANCE RESEARCH LETTERS, 2022, 46
  • [2] How to achieve a win-win situation between economic growth and carbon emission reduction: empirical evidence from the perspective of industrial structure upgrading
    Dong, Biying
    Xu, Yingzhi
    Fan, Xiaomin
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2020, 27 (35) : 43829 - 43844
  • [3] The impact of liquidity risk on the yield spread of green bonds
    Febi, Wulandari
    Schafer, Dorothea
    Stephan, Andreas
    Sun, Chen
    [J]. FINANCE RESEARCH LETTERS, 2018, 27 : 53 - 59
  • [4] Corporate green bonds
    Flammer, Caroline
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 2021, 142 (02) : 499 - 516
  • [5] Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19
    Haxhimusa, Adhurim
    Liebensteiner, Mario
    [J]. ENERGY POLICY, 2021, 156
  • [6] Selection of carbon emissions control industries in China: An approach based on complex networks control perspective
    Hu, Ying
    Yu, Yang
    Mardani, Abbas
    [J]. TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2021, 172
  • [7] Extreme spillover effect of COVID-19 pandemic-related news and cryptocurrencies on green bond markets: A quantile connectedness analysis
    Khalfaoui, Rabeh
    Mefteh-Wali, Salma
    Dogan, Buhari
    Ghosh, Sudeshna
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2023, 86
  • [8] The driving forces of green bond market volatility and the response of the market to the COVID-19 pandemic
    Liu, Min
    [J]. ECONOMIC ANALYSIS AND POLICY, 2022, 75 : 288 - 309
  • [9] Y Internal migration and associated carbon emission changes: Evidence from cities in China
    Long, Houyin
    Li, Jianglong
    Liu, Hongxun
    [J]. ENERGY ECONOMICS, 2022, 110
  • [10] Do investors in Green Bond market pay a premium? Global evidence
    Nanayakkara, Madurika
    Colombage, Sisira
    [J]. APPLIED ECONOMICS, 2019, 51 (40) : 4425 - 4437