计息型数字人民币破解绿色经济发展金融困境的机理与路径

Mechanisms and Pathways: How Interest-Bearing e-CNY Resolves Financial Constraints in Green Economic Development

  • 摘要: 绿色经济发展长期面临资金短缺、期限错配及环境风险难以定价等金融困境,传统绿色金融工具高度依赖外部政策调控,存在市场激励不足与风险外溢传导等问题。计息型数字人民币凭借其内生计息机制与可编程属性,推动绿色金融实现从外部工具赋能到基础设施重构的范式转换。研究从运行机理层面解析数字人民币如何重塑绿色金融的激励相容机制与风险管理框架,并构建以数字人民币为底层支撑的绿色金融协同生态平台。文章提出技术标准对接、制度合规设计及市场渐进推广三位一体的实践路径。

     

    Abstract: The development of a green economy has long been constrained by financial challenges such as funding shortages, maturity mismatches, and the difficulty of pricing environmental risks. Traditional green finance instruments rely heavily on external policy interventions, which often lead to insufficient incentives and risk transmission issues. Interest-bearing e-CNY, leveraging its endogenous interest mechanism and programmable features, facilitates a paradigm shift in green finance—from externally driven tool empowerment to the reconstruction of foundational infrastructure. This study elucidates how e-CNY reshapes the incentive-compatible mechanisms and risk management frameworks within green finance from an operational perspective. Furthermore, it proposes constructing a collaborative green finance ecosystem platform underpinned bye-CNY . Finally, a tripartite implementation pathway is advanced, encompassing technical standard alignment, institutional compliance design, and phased market promotion.

     

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