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Carbon Emission Reduction Effects of China's Green Local Government Special Bonds under ‘Dual Carbon Goals’

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  • Zhang, Ping
  • Guo, Qinghua

Abstract

This paper uses the Staggered Difference in Differences (DID) method to study the effects of green local government special bonds on carbon emission intensity based on China's provincial panel data from 2014 to 2021. The carbon emission reduction effect of issuing green local government special bonds is more significant when the financial pressure is higher. The carbon emission reduction effect of green local government special bonds is more significant in regions with high local financial emphasis on environmental protection, and also more significant in economically developed regions and eastern regions and the pilot areas of green finance.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323007201
    DOI: 10.1016/j.frl.2023.104348
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    References listed on IDEAS

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    2. Chen, Li & Dai, Sijia & Wang, Zhixuan, 2025. "The capital market effects of local government green special Bonds: An examination from the perspective of corporate stock liquidity," International Review of Economics & Finance, Elsevier, vol. 102(C).

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