The Impact of Digital Inclusive Finance on Agricultural Carbon Emission Reduction Analysis Based on Panel Data of 54 Prefecture-Level City

Abstract

Based on the national ranking of the total agricultural output value, this paper selects Shandong, Henan, and Sichuan, which are in the top three, as the representatives of large agricultural provinces, and utilizing panel data from 54 prefecture-level cities throughout the three provinces for the years 2011 to 2020, this study thoroughly applies the fixed effect model, mediating effect model, and moderating effect model to examine the influence of digital inclusive finance on agricultural carbon emission reduction. The findings demonstrate that inclusive digital finance reduces agricultural carbon emissions favorably; the three sub-dimensions of the breadth of coverage, the depth of use, and the degree of digitization all have significant promoting effects on agricultural carbon emissions reduction, of which the breath of coverage has the most obvious effect; compared to the primary regions that produce grains, In non-primary grain-producing zones, the promotion effect of digital inclusive finance on agricultural carbon emission reduction is particularly significant. From the perspective of the mediating effect, agricultural decreases in carbon emissions can benefit from increased regional innovation thanks to digital inclusive funding; from the perspective of the moderating effect, the amount of urbanization is taken advantage of by digital inclusive finance to control the effects of crop reductions in carbon emissions.