Research On The Impact Of Rural Financial Development On Agricultural Carbon Emissions

In recent years,climate change has become a global issue of widespread concern.In the past agricultural production process,excessive investment in agricultural factors and energy has caused many malignant problems such as serious damage to land resources,continuous environmental degradation,and continuous growth of carbon emissions.In2023,the No.1 central document pointed out that it is necessary to promote the green development of agriculture,and promote the construction of agricultural green development pilot areas.It can be seen that promoting low-carbon agricultural development is an inevitable theme in current theoretical research and practical production.China has been managing various risks faced by agriculture through various agricultural financial support policies.The development of low-carbon agriculture and technology adoption itself have the characteristics of high cost and high risk,making rural financial development provide important opportunities for reducing agricultural carbon emissions.From the existing research,previous studies on the agricultural emission reduction effects of financial development have mostly focused on theoretical concepts,and few documents have further examined their specific impacts from an empirical perspective,and in-depth analyzed their internal impact mechanisms.In the current critical period of building a new development pattern and promoting common prosperity,it is necessary to better play the supporting role of the financial system.Analyzing whether financial support can promote agricultural carbon emission reduction and explore long-term development mechanisms for agricultural economic growth and agricultural environmental improvement is currently a topic worthy of attention.The development of rural finance contributes to the accelerated accumulation and allocation of rural capital,and promotes the scale and efficiency of agriculture.This article aims to probe into the effect of rural financial development on agricultural carbon emissions and its mechanism.Based on the analysis of relevant theories and current characteristics,an empirical study was conducted.Firstly,the agricultural carbon emissions system was constructed and calculated,and the spatiotemporal evolution characteristics of agricultural carbon emissions in Hunan Province were analyzed.Then,the spatial Durbin model is used to test the impact of financial development on agricultural carbon emissions,and its direct impact,spillover effects,and specific impact mechanisms are analyzed.In addition,it further distinguishes the heterogeneity of the effect of financial development on agricultural carbon emissions in different regions.The reliability of the results is tested through robustness,and the endogenous problem of this paper is discussed using the instrumental variable method.Finally,the conclusions of the study are summarized and policy recommendations are given.The research conclusions obtained in this article are as follows:(1)Agricultural carbon emissions have a strong temporal and spatial dependence.During 2007-2017,the total agricultural carbon emissions and agricultural carbon emission intensity in most counties in Hunan Province achieved negative growth,but the process of emission reduction among regions is significantly different,with 91.21% and 54.78% of the total amount and intensity of carbon emissions in counties still experiencing an annual decline of less than 5%.(2)From the perspective of spatial pattern,the overall agricultural carbon emissions are mainly in the Dongting Lake region,the Changzhutan urban agglomeration Hengyang City as the center decreases towards the west and south,and spatial homogeneity is significantly enhanced.(3)From the perspective of direct effects,spillover effects,and overall effects,the development of rural finance is conducive to agricultural carbon emission reduction.Financial development not only inhibits the growth of local agricultural carbon emissions,but also can radiate surrounding areas and reduce agricultural carbon emissions in neighboring areas.The empirical results have passed the robustness test and the endogenous test.(4)Financial development can achieve agricultural carbon emission reduction through adjusting the agricultural industrial structure and promoting the improvement of energy utilization efficiency.(5)The impact of financial development on agricultural carbon emissions shows significant heterogeneity in four regions of Hunan Province,with the inhibitory effect being more significant in the Changzhutan region and the surrounding Dongting Lake region.Based on the research conclusions,the following recommendations are raised in this paper: Firstly,coordinate interregional carbon emission reduction policies,and give play to the radiation demonstration effect of financial support for agriculture policies.Secondly,implement a differentiated agricultural financial support strategy to achieve balanced regional development of low-carbon agriculture.Thirdly,we should reasonably expand the scale of rural finance,innovate rural financial products and services,and provide financial support for green agricultural development.Fourthly,effectively improve the efficiency of rural finance,fully leverage the green guiding role of financial resource allocation,and promote green and low-carbon transformation of agricultural development.