Journal articles
Journal articles
“The green vs environmental state: From disorder to distinctness in conceptualizing state-driven approaches.” 2025. Competition & Change (with James Jackson) https://doi.org/10.1177/10245294251372103
“Green industrial policy under financial constraints: Insights from India's state-led decarbonization.” 2025. World Development. https://doi.org/10.1016/j.worlddev.2025.107153
“The archetype of a ‘big green state’? What China tells us about green macrofinancial regimes.” 2025. Review of International Political Economy. https://doi.org/10.1080/09692290.2025.2530547
“Green finance, economic planning and the Paris Misalignment: The political economy of Green Financial Planning.” 2025. New Political Economy (with James Jackson) https://doi.org/10.1080/13563467.2025.2510965
“The pullback of Chinese overseas financing and its implications for a post-neoliberal global financial order.” 2025. Socio-Economic Review https://doi.org/10.1093/ser/mwaf030
“Reconsidering the China model through structure and agency: the hybrid realities of Chinese capitalism and ‘socialism with Chinese characteristics.” 2025. Capital & Class (with Alexander Chen) https://doi.org/10.1177/03098168251326190
“How to resist the Wall Street Consensus: The maneuverability of a Vietnamese green state within international financial subordination.” 2024. Review of International Political Economy https://doi.org/10.1080/09692290.2024.2414977
“The future of fossil fuels, chemicals, and feedstocks: Outlining a research agenda on the role of China in the global petrochemical industry.” 2024. Energy Research & Social Science (With Joachim Tilsted) https://doi.org/10.1016/j.erss.2024.103750
“State-led financialization and an emerging ‘green investor state’: Examining China’s use of state-backed funds for green transition.“ 2024. Regulation & Governance. (with Kasper Ingeman Beck) https://doi.org/doi:10.1111/rego.12625
“Catching up with climate priorities: Understanding multilateral development banks’ evolving approach to biodiversity.” 2024. Global Policy. (With Christoph Nedopil, Amelie Chane‐Yook, and Divya Narain) https://doi.org/10.1111/1758-5899.13403
“Any alternative to the Wall Street Consensus? Comparing the infrastructure financing models of the US, the EU, and China.” 2024. New Political Economy. https://doi.org/10.1080/13563467.2024.2373078
“How to integrate the Global South into the ‘green state’ concept.” 2024. Third World Quarterly, 1–16. https://doi.org/10.1080/01436597.2024.2366398
“Adding ‘origination’ to diffusion theory: contrasting the roles of China and the EU in green finance.” 2023. Review of International Political Economy https://doi.org/10.1080/09692290.2023.2204532
“Chinese overseas development funds: An assessment of their sustainability approaches.” 2023. Journal of International Development. (with Tancrede Voituriez and Christoph Nedopil) https://doi.org/10.1002/jid.3778
“Bottom-up market-facilitation and top-down market-steering: comparing and conceptualizing green finance approaches in the EU and China.” 2023. Asia Europe Journal. https://doi.org/10.1007/s10308-023-00663-z
“Driving Global Convergence in Green Financial Policies: China as Policy Pioneer and the EU as Standard Setter” 2023. Global Policy, 13(3), 358–370. https://doi.org/10.1111/1758-5899.13105
“Prospects of the Multilateral Cooperation Center for Development Finance (MCDF) to catalyse infrastructure financing.” 2022. Asia & the Pacific Policy Studies, 33. (With Christoph Nedoil, Mengdi Yue, and Wang Yao) https://doi.org/10.1002/app5.345
“Clean at home, polluting abroad: The role of the Chinese financial system’s differential treatment of state-owned and private enterprises.” 2022 Climate Policy, 1–14. (with Lars Oehler) https://doi.org/10.1080/14693062.2022.2040409
“Addressing the missing linkage in sustainable finance: The ‘SDG Finance Taxonomy.’” 2020. Journal of Sustainable Finance & Investment, 1–8. (with Christoph Nedopil and Wang Yao) https://doi.org/10.1080/20430795.2020.1796101
“Which firms leave multi‐stakeholder initiatives? An analysis of delistings from the United Nations Global Compact.” 2020. Regulation & Governance, (with Andreas Rashce, Wencke Gwozdz, and Jeremy Moon) https://doi.org/10.1111/rego.12322
“Revising the ‘host country standard’ principle: A step for China to align its overseas investment with the Paris Agreement.” 2019. Climate Policy, 19(10), 1205–1210. (with Tancrede Voituriez and Wang Yao) https://doi.org/10.1080/14693062.2019.1650702
Nedopil, C & Larsen, M. (2024). Green finance in China: System, practice, and international role. In Routledge Handbook on Green Finance (pp. 280-299). Abingdon, UK: Routledge. http://doi.org/10.4324/9781003345497-20
Larsen, M. (2021). Green Finance International Cooperation (绿色金融国际合作）. In Y. Wang & H. Xu, China Green Finance Report 2020 (王遥&徐洪峰:中国绿色金融研究报告2020）. China Finance Publishing House (中国金融出版社)
Oehler, L., Larsen, M. L., & Yao, W. (2020). Financing the global low-carbon energy transition: China’s dual role domestically and overseas. In S. Haakonsson, B. H. Jørgensen, G. Chen, & Z. Hong (Eds.), The SDC International Report 2020: Cooperating for Energy Transition (pp. 110–118). Aahus University Library.
Larsen, M. (2020). Green Finance International Cooperation (绿色金融国际合作）. In Y. Wang & H. Xu, China Green Finance Report 2020 (王遥&徐洪峰:中国绿色金融研究报告2020）. China Finance Publishing House (中国金融出版社)
Subhanij, T., Isgut, A., Abe, M., Sirimaneethma, V., & Larsen, M. (2019). Infrastructure Financing in Asia for Sustainable Development (ESCAP FInancing for Development Series No. 3). United Nations Economic and Social Commission for Asia and the Pacific.
“China’s Green Leap Outward: The rapid scaleup of overseas Chinese clean-tech manufacturing investments.” 2025. Net Zero Industrial Policy Lab, Johns Hopkins University (with Xiaokang Xue)
“Managing U.S.-China Tensions over the Global Economic Order.” 2024. Center for Strategic and International Studies (with Scott Kennedy and others)
”Green Development Guidance for BRI Projects Phase III: Study of China Overseas Investment Funds.” 2023. BRI International Green Development Coalition (with Solheim, E., Wang, E., Nedopil, C., Xie, W., De Boer, D., Liu, S.)
“Driving China’s Fossil Fuel SOE Reform in Support of a Low-Carbon Transition (碳中和目标约束下绿色金融、转型金融支持中国化石能源国企低碳转型路径研究).” 2021. International Institute of Green Finance. (with Xu Hong)
“The State and Effectiveness of the Green Bond Market in China”. 2020. Climate Policy Initiative (with Escalante, D., Choi, J., Chin, N., Cui, Y)
“MRV System Design: Recommendations for Chinese Green Bonds.” 2020. Climate Policy Initiative (with Escalante, D., Choi, J., Chin, N., Cui, Y)
“Green Banking in China – Emerging Trends: With a spotlight on the Industrial and Commercial Bank of China (ICBC).” 2020. Climate Policy Initiative. (with Escalante, D., Choi, J.)
“Future Cities Advisory Outlook: Urban Technologies in China.” 2020. UN-Habitat Beijing. (with Wang Yao)
“Financing Sustainable Infrastructure in Asia.” 2020. International Institute of Green Finance.
“Sustainable Finance in Asia: Helping Asian Green Bond Issuers to Access Global Capital Markets.” 2020. International Institute of Green Finance. (with Joris Teer)
“The Potential of Multilateral Development Banks in Greening the BRI.” 2019 International Institute of Green Finance.
“China Climate Finance Progress Report (中国气候融资进展报告).” 2018. International Institute of Green Finance. (with Cui Ying)
“The Role of Multilateral Development Banks in Green Finance.” 2018. International Institute of Green Finance.
“Green Finance Approaches to Soil Remediation: International Examples.” 2018. International Institute for Sustainable Development (with Furuseth, I. S., Kammler, K. J., Chen, W., Platjouw, F. M., Lin, Y., Jartun, M., Larssen, T.)
“Investor Duties and ESG Integration in China”. 2018. UN Principles for Responsible Investment (with Pirovska, M., Wang, Y)
“The need for a common language in Green Finance: Towards a standard-neutral taxonomy for the environmental use of proceeds. Phase II.” 2018. European Investment Bank & Green Finance Committee of China. (with Romani, A. & Rosolowska, D.)
“China Climate Finance Progress Report (中国气候融资进展报告).” 2017. International Institute of Green Finance. (with Cui Ying)
“The need for a common language in Green Finance: Towards a standard-neutral taxonomy for the environmental use of proceeds.” 2017. European Investment Bank & Green Finance Committee of China (with Romani, A. & Rosolowska, D)
“Globalizing Green Finance: Turning Green Momentum Into Actions.” 2017. UK-China Green Finance Taskforce (with Sheren, M., Ma, J., Shih, Y)
“China Climate Finance Progress Report (中国气候融资进展报告).” 2016. International Institute of Green Finance (with Cui Ying)
“The Delisting Dilemma.” 2015. In UN Global Compact International Yearbook. Macondo.
“The Role of ICT in the Proposed Urban Sustainable Develoipment Goal and the New Urban Agenda.” 2015. UN Habitat & Eriksson. (with Kyle Farrell)
“How China’s Growth Model Determines Its Climate Performance.” 2025. Carnegie Endowment
“China’s Political System Makes Consumption-led Growth Impossible.” 2025. The Diplomat
“What other countries can learn from how China financed a green transformation.” 2025 Environmental Finance (With Calvin Quek)
“Clean at Home and Polluting Abroad: The Trouble With China’s Energy Finance.” 2022 The Diplomat. (with Lars Oehler)
“An awkward footing hampers China’s latest development finance institution.” 2020. China Dialogue. (with Nedopil Wang, C., & Yue, M.)
“Why China Funds Renewable Energy at Home, but Invests in Fossil Fuel Projects Overseas.” 2022. Jamestown Foundation’s China Brief (with Lars Oehler)
“MCDF’s untapped sustainable development finance potential.” 2022. Devpolicy Blog from the Development Policy Centre. (with Nedopil, C., & Yue, M.)
“Intersecting Interests and Coincidental Compatibility: How China, the EU, and the United States Can Coordinate Their Push for Globalizing Green Finance.” 2021. Georgetown Journal of International Affairs.
“Amid global biodiversity crisis, China can lead with alternative meat.” 2021. South China Morning Post. (with Aurelie Chane-Yook)
“China Will No Longer Be a Developing Country After 2023.” 2021. Its Climate Actions Should Reflect That. The Diplomat.
“China’s Overseas Coal Pledge Is Not a Climate Change Gamechanger.” 2021 The Diplomat.
“Researchers: The new climate policy will make Danish agriculture fall behind (Forskere: Den nye klimaaftale vil få dansk landbrug til at sakke bagud i den globale konkurrence).” 2021. Berlingske Tidende (with Jacob Hasselbalch)
“EU-China Opinion Pool: Rethinking EU-China climate cooperation.” 2021. Merics - Mercator Institute for China Studies. (with Garcia-Herrero, A., Myllyvirta, L., Grünberg, N)
“How China and the EU can work together to drive green finance forwards.” 2021. South China Morning Post.
“How China’s green finance slowdown threatens global climate ambitions.” 2021. South China Morning Post.
“Why a world awash in green investments can’t find the money for sustainable development goals.” 2021. South China Morning Post.
“Green Finance in China with Mathias Lund Larsen.” 2020. US-China Better Relations Coalition.
“The Great Potential of Multilateral Development Banks (多边开发银行在绿色金融中潜力巨大).” 2020. China Financial Times (中国经济时报).
“Prospects for international participation in China’s green bond market.” 2020. SEB - The Green Bond.
“Progress towards a common language in green finance.” 2020. SEB - The Green Bond (with Aldo Romani)
“How China uses five policy to drive the integration ESG factors in investments (在中国，推进ESG标准纳入投资决策的五种方法).” 2018. Caixin Energy (财新无所不能).
“International investors eye China’s green bonds.” 2018. China Dialogue. (with Wang Yao)