Disclosed are a method and a device for providing heat and carbon dioxide to vegetables and/or algae using power station flue gas. The method comprises the steps of: introducing the flue gas into a first-stage heat exchange station (5) to carry out a first heat exchange with air and provide hot air to a vegetable greenhouse (6) and/or an algae cultivation room (9); introducing a part of the flue gas which has experienced cooling in the first-stage heat exchange station into a second-stage heat exchange station (12) to carry out a second heat exchange with air and cool the flue gas temperature to an extent suitable for extracting carbon dioxide; extracting carbon dioxide from the flue gas and supplying the carbon dioxide into the vegetable greenhouse and/or the microalgae carbon-absorbing pool of the algae cultivation room. The device mainly consists of a flue gas delivery pipe (4) connected to a flue gas induced draught fan (3), the first stage heat exchange station (5), a flue gas returning pipe (1) connected to a chimney, the second stage heat exchange station (12), a CO