The Impact of Green Finance on Agricultural Pollution and Carbon Reduction: The Case of China

Li Cao and Jiaqi Gao ()
Additional contact information
Li Cao: College of Economics & Management, Shanghai Ocean University, Shanghai 201306, China
Jiaqi Gao: College of Economics & Management, Shanghai Ocean University, Shanghai 201306, China

Sustainability, 2024, vol. 16, issue 14, 1-15

Abstract: Based on the double-carbon target, the agricultural sector has implemented the concept of being green and synergistically promoted pollution and carbon reduction. Positioned as a novel financial paradigm, green finance places greater emphasis on environmental stewardship compared to its traditional counterparts. This focus enhances resource allocation efficiency, thereby achieving the goal of reducing pollution and carbon emissions. To research the influence of green finance on agricultural pollution and carbon reduction, this study leverages panel data spanning 2011 to 2021 from 31 provinces, autonomous regions, and municipalities across China. It employs the fixed-effect model and mediating-effect model. The findings reveal that: (1) Green finance exerts a notable influence on reducing both pollution and carbon emissions in agriculture, with the latter showing a more pronounced effect. (2) Regional disparities exist in green finance, affecting agricultural pollution and carbon reduction. (3) By fostering technological innovation and optimizing industrial frameworks, green finance emerges as a catalyst for curbing surface pollution and carbon dioxide emissions in agriculture. On this basis, relevant suggestions are put forward to provide policy insights for improving the green financial system, which will help further promote carbon and pollution reduction.

Keywords: green finance; agricultural pollution reduction and carbon reduction; intermediary effect (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/14/5832/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/14/5832/ (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:16:y:2024:i:14:p:5832-:d:1431480

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 ().