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Whether carbon emissions trading system promotes green development is important, especially from the land supply perspective. This paper investigates the effects of the carbon emissions trading pilot program on the land supply of the energy-intensive industries using the difference-in-difference approach, based on a big land-transaction dataset for the Chinese land market from 2007 to 2017. This paper finds that the carbon emissions trading program decreases the supply of energy-intensive industries' land by 25%, suggesting that it promotes