As a new class of sustainable carbon material, "carbon dots" is an umbrella term covering many types of materials. Herein, a broad range of techniques was used to develop the understanding of hydrothermally synthesized carbon dots, and it is shown how fine-tuning the structural features by simple reduction/oxidation reactions can drastically affect their excited-state properties. Structural and spectroscopic studies found that photoluminescence originates from direct excitation of localized fluorophores involving oxygen functional groups, whereas excitation at graphene-like features leads to ultrafast phonon-assisted relaxation and largely quenches the fluorescent quantum yields.
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