Impact of Green Finance Development on Agricultural Carbon Emissions: Based on Provincial Panel Data During 2006-2019

Zhiyu Chen

doi:10.6981/FEM.202501_6(1).0023

Authors

Zhiyu Chen

DOI:

https://doi.org/10.6981/FEM.202501_6(1).0023

Keywords:

Green Finance; Agricultural Carbon Emission Intensity; Fixed Effects Model.

Abstract

Global climate warming has become a problem that cannot be ignored. Agricultural carbon emissions, as the main source of carbon emissions in China, is an indispensable step to achieve the “double carbon” goal. In 2015, green development joined the Chinese development concept, advocating for an environmental value-oriented approach, and striving to promote the green and low-carbon production and lifestyle. Green Finance, as an important component of the green development concept, is of great significance to agricultural carbon reduction. This paper utilizes the panel data of 25 provinces in China during 2006-2019 to study the impact of the level of green finance development on agricultural carbon emissions by using the fixed effects model. The results suggest that green credit, green insurance, and green securities can all inhibit agricultural carbon emissions, and the research results remain valid after the robustness test. Based on the research results, this paper puts forward relevant policy recommendations from the perspective of assisting the development of green finance and improving the current situation of agricultural carbon emissions.

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