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To realize the great goal of attaining peak carbon in 2030 and carbon neutrality in 2060, agricultural carbon mitigation must be an essential activity in China. Policy-oriented agricultural insurance is accepted as an effective income guarantee and risk transfer tool, which can not only disperse the risk of agricultural operation but also guide green agricultural production. In this study, based on panel data from 2012 to 2018 in China, a multistage dynamic DID model is constructed to systematically explore the effect of policy-oriented agricultural insurance on green agricultural development, primarily to clarify the specific mechanism of the effect. The results show that agricultural carbon emission is increasing year by year and the implementation of policy-oriented agricultural insurance has a significant positive impact on reducing agricultural carbon emissions. We further find that the promotion effect of agricultural insurance on carbon emission reduction increases with the expansion of agricultural technicians and the decrease of agricultural chemical utilization. In terms of spatial heterogeneity, the impact of the policy-oriented agricultural insurance on reducing agricultural carbon emissions is stronger in central and western regions than in eastern regions. At the same time, this paper provides operational suggestions for low-carbon agricultural development and the formulation of relevant macroeconomic agricultural policies. Our findings support the positive effect of policy-oriented agricultural insurance and provide significant policy implications for agricultural carbon emission reduction and control actions in China and other countries. [ABSTRACT FROM AUTHOR]

Few studies have investigated agricultural carbon emissions peaks, especially from the financial development perspective. This study focuses on the effects of financial scale and efficiency to achieve an agricultural carbon emissions peak in China's Henan Province. Using an extended STIRPAT model and scenario analysis, we find: (1) with the inverted U-shaped influence mechanism of rural financial scale and incorporating rural financial efficiency, agricultural carbon emissions in Henan will peak at 14.17 million tons in 2040, 12.50 million tons in 2034, and 11.73 million tons in 2023 under the baseline low-carbon, moderately accelerated low-carbon, and stringent low-carbon development scenarios; (2) without financial efficiency improvements, carbon emissions will peak five years, three years, and six years later, and the peak value will increase 0.97 million tons, 0.65 million tons, and 0.30 million tons. Therefore, agricultural carbon emissions will peak earlier with continuous and strong financial policy adjustment to facilitate financial development. We also find that agricultural carbon absorption exceeds emissions, achieving carbon neutrality. The policy implication is that financial development matters to sustainable agricultural development. Developing countries could learn from the financial development experience (i.e., gradual financial reform and a stable financial environment) in Henan and China in general. [ABSTRACT FROM AUTHOR]

The implementation of the carbon trading system has a great impact on all aspects of the economy and society. Agriculture, which accounts for 34% of global carbon emissions, has also been hit hard as a high carbon emitting industry (Crippa M, 2021). This study uses agricultural green total factor productivity as an important indicator of agricultural green sustainable development, and analyzes the impact of China's carbon trading system on agricultural green total factor productivity, which can provide a reference for other countries that want to improve agricultural sustainable development and implement carbon trading. In this paper, the producer theory is used to build the basic model, and the differences-in-differences (DID) method is used to analyze the provincial data samples in China from 2000 to 2020. It is found that: the implementation of carbon trading pilot policy has a significant promotion effect on agricultural green total factor productivity; and after the implementation of carbon trading policy, with the advancement of time, under the constraint of reducing carbon quota, the promotion effect of agricultural green total factor productivity becomes stronger and stronger. Even in the regions without carbon trading pilot program, the policy spillover effect will also be obvious and promote the development of green total factor productivity of agriculture in this area. [ABSTRACT FROM AUTHOR]