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Fig 1.

Growth trend of the number of green buildings in China.

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Fig 2.

Parallel trend test results.

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Table 1.

Provinces and Cities for LCPP.

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Table 1 Expand

Table 2.

Variable definitions.

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Table 2 Expand

Table 3.

Descriptive statistics of main variables.

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Table 4.

Baseline results.

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Table 4 Expand

Fig 3.

Placebo test results.

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Table 5.

Robustness check results.

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Table 6.

Mechanism analysis results.

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Table 7.

Heterogeneity analysis results.

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