The Mechanism And Empirical Test Of Digital Inclusive Finance On Agricultural Carbon Emission Reduction

In March 2021,President Xi Jinping presided over the ninth meeting of the Central Financial and Economic Commission,reiterating the importance of the "dual carbon" goal for the construction of ecological civilization,and emphasizing the key of the "14th Five Year Plan" period for the national green and low-carbon transformation.We need to use this window period to accelerate the pace of green transformation follow the path of green development.With the in-depth development of the digital economy,relying on underlying financial technology technologies such as cloud computing,big data,and artificial intelligence,it is possible to organically integrate digital technology with the "dual carbon" goal in agriculture and achieve the "dual carbon" goal and green transformation of agriculture using a digital path.Using information technology as a carrier,digital inclusive finance has broken the shackles of traditional finance in terms of geographical scope and depth of use.Its own "inclusive+digital" characteristics can effectively alleviate the difficulties and expensive financing in rural areas,improve resource utilization efficiency,and contribute to agricultural carbon emission reduction.This article describes how to reduce agricultural carbon emissions while developing the economy,Therefore,this article explores the internal relationship between the two,in order to seek a reliable path for future agricultural transformation and upgrading,high-speed and high-quality development.This article first clarifies the connotation of digital inclusive finance and carbon emissions,combs the relevant theoretical basis of finance and low-carbon agriculture,and believes that the development of digital inclusive finance will reduce the intensity of carbon emissions from agricultural sources by changing farmers’ behavior,which serves as a theoretical support for subsequent research.From both direct and indirect levels,industrial adjustment,improving farmers’ entrepreneurial enthusiasm The mechanism of digital inclusive finance in reducing agricultural carbon emissions is interpreted from four perspectives:improving agricultural product trade and agricultural technology progress.On the basis of theoretical analysis,based on the Peking University Inclusive Finance Index,the development status of digital inclusive finance in China is analyzed,and it is found that its overall development trend is on the rise,with significant differences between eastern and western regions.At the same time,based on the research results of Tian Yun et al.,a principal component analysis method was used to construct an indicator system for agricultural carbon emissions for 2011-2020 from five perspectives: chemical fertilizer application amount,pesticide use amount,agricultural film use amount,crop irrigation area,and total sown area of agricultural products.The ratio of this result to the gross domestic product of agriculture,forestry,animal husbandry,and fisheries represents the main body of this study-carbon emission intensity,Based on the DEA-Malmquist index model,the agricultural total factor productivity of 31 provinces and cities in China from 2011 to 2020 was calculated as a measure of agricultural technological progress.Based on the measurement results,the spatiotemporal differences in carbon emissions from digital inclusive finance and agriculture were explored.In order to further explore the quantitative relationship between the two,an empirical analysis was conducted on the impact of digital inclusive finance development level and agricultural carbon emission intensity.At the same time,a mediation effect model was used,introducing agricultural technology progress as a mediator variable,to deeply analyze the intermediary role of agricultural technology progress in the impact of digital inclusive finance on agricultural carbon emission intensity.This article uses a fixed effect intermediary model to study and find:First,the overall development level of digital inclusive finance is on the rise,with significant differences between eastern and western regions.Secondly,the total agricultural carbon emissions showed an inverted U-shaped pattern from 2011 to 2020,showing a trend of rapid growth and then slow decline.2015 was a turning point,with the carbon emission intensity showing a trend of slow decline first and then rapid decline.2017 was a milestone.Thirdly,digital inclusive finance has a significant inhibitory effect on the intensity of agricultural carbon emissions.On this basis,this article further introduces intermediary variables to empirically test the intermediary role played by agricultural technology progress.Finally,based on the research conclusions,countermeasures and suggestions are proposed to build a financial and environmental protection service platform,set up special funds,encourage farmers’ innovation,sink financial institutions into the market,and deepen supply side reform in the agricultural field.