摘要

Based on the panel data of 30 provinces, municipalities, and autonomous regions in China from 2000 to 2013, this article studies how real estate investment affects CO2 emissions in China. We find that the real estate investment has a significant effect on CO2 emissions on both national and regional levels, showing that the rapid development of the real estate industry is a key factor in increasing CO2 emissions at present. In terms of the real estate investment types, residential house investment in provinces and eastern regions is most influential on CO2 emissions. Additionally, it has been found that there are regional differences in the stimulating effects of the four types of real estate investment (i.e., housing investment, office building investment, investment for commercial and business purposes, and other investment) on CO2 emissions.