Sustainable technological innovations in agriculture: Financial challenges and investment priorities under the European Green Deal

  • 1Department of Economy and Business, University of Almería, Spain. Electronic address: fcastillo@ual.es.
  • 2Department of Economy and Business, University of Almería, Spain. Electronic address: lbelmont@ual.es.
  • 3Department of Financial Economics and Accounting, University of Granada, Melilla, Spain. Electronic address: fjgalvez@go.ugr.es.
  • 4Department of Agronomy, University of Almería, Spain. Electronic address: fcamacho@ual.es.

Abstract

This study explores the important financial challenges faced by Spanish agricultural and livestock companies to meet stringent environmental regulations without compromising their competitiveness. Using a Delphi method integrated with a systematic literature review, the research identifies key sustainable technological innovations (STIs) that require significant financial investment. Priority STIs include renewable energy sources, water use efficiency, by-product management, alternative fertilizers, and digital technologies, among others, each of which plays a key role in mitigating environmental impacts and aligning with overarching European sustainability frameworks, notably the European Green Deal and the 2030 Agenda for Sustainable Development. The findings support the formulation of specific policy recommendations aimed at overcoming the financial constraints that hinder the adoption of STIs. These include designing progressive financing schemes, launching green credit lines with subsidized interest rates, and increasing agri-environmental subsidies linked to STIs adoption. Furthermore, the study advocates the expansion of public-private investment frameworks and the establishment of technical advisory services to support producers in the selection, integration and implementation of appropriate technologies. These measures are essential to reduce economic barriers and accelerate the sector's technological transition to greater environmental and economic resilience.

Related Concept Videos

Sustainable Development 01:43

13.2K

As the human population continues to grow and use resources, we must be mindful of our planet’s natural limits. Sustainable development provides a pathway to maintain and improve human life now while also ensuring that future generations will have the resources that they need. The long-term success of sustainability efforts rests on understanding the interplay between human actions and ecological systems.

The oceans are one important focus of global conservation efforts. Overfishing,...

Plant Breeding and Biotechnology 01:59

18.9K

Crop cultivation has a long history in human civilization, with records showing the cultivation of cereal plants beginning at around 8000 BC. This early plant breeding was developed primarily to provide a steady supply of food.

As humans' understanding of genetics advanced, improved crop varieties could be achieved more quickly. Artificial selection could be more directed, and crop varieties enhanced for favorable traits more quickly to produce better, more robust, or more palatable...

Key Elements for Plant Nutrition 02:35

18.7K

Like all living organisms, plants require organic and inorganic nutrients to survive, reproduce, grow and maintain homeostasis. To identify nutrients that are essential for plant functioning, researchers have leveraged a technique called hydroponics. In hydroponic culture systems, plants are grown—without soil—in water-based solutions containing nutrients. At least 17 nutrients have been identified as essential elements required by plants. Plants acquire these elements from the...

Transgenic Plants 02:50

7.2K

Recombinant DNA technology called transgenesis is often used to add a foreign gene or remove a detrimental gene from an organism. Such genetically modified organisms are called transgenic organisms.
The first-ever transgenic plant was a tobacco plant developed in 1983 that showed resistance against the tobacco mosaic virus. Since then, many transgenic plants have been developed and commercialized for improving the agricultural, ornamental, and horticultural value of a crop plant. Transgenic...

Adaptations that Reduce Water Loss 01:57

25.2K

Though evaporation from plant leaves drives transpiration, it also results in loss of water. Because water is critical for photosynthetic reactions and other cellular processes, evolutionary pressures on plants in different environments have driven the acquisition of adaptations that reduce water loss.

In land plants, the uppermost cell layer of a plant leaf, called the epidermis, is coated with a waxy substance called the cuticle. This hydrophobic layer is composed of the polymer cutin and...

What is Climate? 01:16

18.4K

Climate refers to the prevailing weather conditions in a specific area over an extended period. As the saying goes, “Climate is what you expect. Weather is what you get.” Climate is influenced by geographic factors, such as latitude, terrain, and proximity to bodies of water.

Weather and Climate

Weather and climate are related, though they differ in terms of time scale and predictability. Weather refers to the state of the atmosphere at a specific time and place, whereas climate...