Green Finance Assists Agricultural Sustainable Development: Evidence from China

Yalin Mo (), Dinghai Sun and Yu Zhang ()
Additional contact information
Yalin Mo: School of Economics, Guangxi University, Nanning 530004, China
Dinghai Sun: School of Economics, Guangxi University, Nanning 530004, China
Yu Zhang: International Business School, Dongbei University of Finance and Economics, Dalian 116012, China

Sustainability, 2023, vol. 15, issue 3, 1-15

Abstract: Whether green finance can promote agriculture to achieve carbon emission reduction is an important issue in agricultural sustainable development. Based on panel data on 30 provinces in China from 2011 to 2020, this paper established a mediation effect framework and employed stepwise regression and bootstrapping to study whether and how green finance can promote carbon emission reduction in China’s agricultural sector. The empirical research results indicate that the development of green finance can significantly reduce China’s agricultural carbon emission intensity. Using instrumental variables for robustness regression tests, the empirical results were also found to be robust. Further research found that green finance can not only directly promote agricultural carbon emission reduction but also indirectly facilitate it by optimizing the agricultural industrial structure and guiding agricultural technological progress. Finally, this article puts forward a number of policy recommendations to actively develop green finance, optimize the structure of the agricultural industry, and promote the progress of agricultural technology with the overarching aim of promoting the sustainable development of China’s agriculture through green finance.

Keywords: green finance; agricultural carbon emission reduction; agricultural sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/3/2056/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/3/2056/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:3:p:2056-:d:1043525

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().