Liu Chunsheng: Internet technology enterprises help China's green and low-carbon development

Zhongxin Jingwei September 23 Title: "Liu Chunsheng: Internet Technology Enterprises Help China's Green and Low-Carbon Development"

　　Author Liu Chunsheng (Associate Professor, Central University of Finance and Economics)

　　It has been one year since China proposed the goal of achieving "carbon peak and carbon neutrality" by 2030 and 2060. The "double carbon" goal is an important measure for China to take the initiative to assume the responsibility of a major country and build a community with a shared future for mankind, and under this framework, China's economic growth mode will also undergo significant changes, and green, low-carbon and high quality will become a significant feature of China's economic development in the future.

　　In the new mode of economic growth, "carbon" will become an important factor of production, in the process of achieving the "double carbon" goal, the externalities of carbon factors will gradually internalize, through scientific and technological means can improve production and living efficiency, help promote the transformation of high carbon emission sectors, reduce social comprehensive costs, enhance China's pricing power in the global industrial chain, and financial products and financial services around carbon factors will continue to emerge.

　　At the heart of low-carbon development is the clean transition on both sides of energy supply and demand. Shared bicycles have the characteristics of convenience, health and green. Solving the last-mile travel dilemma of urban residents is an important part of low-carbon cities. According to the "Shared Cycling Pollution Reduction and Carbon Reduction Report" released by the Environmental Development Center of the Ministry of Ecology and Environment and the Central Joint Certification Center on September 17, 2021, since its operation, the cumulative carbon dioxide emission reduction of Meituan bicycle and motorcycle users has been 1.187 million tons, which is equivalent to reducing the carbon dioxide emissions of 270,000 private cars for one year, and if calculated at a price of 60 yuan / ton of carbon dioxide, the potential green benefits of 71.22 million yuan can be achieved. Among them, meituan's beijing, Shanghai and Shenzhen bicycle users have reduced their cumulative carbon dioxide emissions in the past year by about 25, 18,000 and 19,000 tons respectively.

　　Recently, Meituan and a number of banks have innovatively piloted the application of digital yuan innovation functions to shared bicycle travel, and guided consumers to use more green travel methods by distributing shared cycling digital yuan red envelopes in nine provinces and cities such as Beijing, Shanghai and Shenzhen, forming a positive cycle to help the "double carbon" goal. The information revolution has promoted the rise of the digital economy, and digital currencies have also emerged with its high efficiency, security and zero cost. The digital yuan can better meet the needs of China's economic development in the new era and is conducive to promoting the process of RMB internationalization. In the early stage of the promotion of digital yuan, Meituan took the sharing of bicycles as an entry scene and carried out pilots in a multi-local linkage method, which can better combine the digital yuan with the daily high-frequency consumption needs of residents, help promote the diffusion and application of the digital yuan in more production and living fields, realize the expansion of green consumption and digital yuan applications, and ultimately achieve a win-win situation of economic digitalization and low carbon.

　　Low carbonization means that the digital yuan can leverage the scene and technical value to highlight the value of social welfare and help achieve the major strategic goal of "double carbon". Cycling means that the digital yuan can better carry the daily needs of users through its ease of use, achieve widespread popularization, and then boost the digital transformation of the economy. The cycling scene may be a useful step for Meituan to explore the activation of multiple values of the digital yuan.

　　Riding a shared bicycle with a digital yuan is an active exploration and vivid practice of Internet technology enterprises to practice social responsibility and promote low-carbon development. Its more far-reaching significance lies in the green finance level, digital yuan can make the settlement methods of enterprises more diverse, improve transaction convenience, save financial costs, and bring benefits to enterprises. At the same time, the digital yuan also helps to reduce the cost of retail payment in the whole society. According to the "White Paper on the Research and Development Progress of China's Digital Yuan" issued by the Digital Yuan Research and Development Working Group of the Chinese Min min bank, the digital yuan is a retail central bank digital currency, which is mainly used to meet the needs of domestic retail payment. Its launch will be based on the modernization of the domestic payment system, fully meet the daily payment needs of the public, further improve the efficiency of the retail payment system, and reduce the cost of retail payment in the whole society. The Meituan platform covers hundreds of categories such as catering, takeaway, fresh retail, taxi-hailing, shared bicycles, hotel tourism, movies, etc., with tens of millions of small high-frequency payment needs every day, and its joint operating agencies launched digital yuan pilot activities, which is highly consistent with the retail positioning of digital yuan.

　　The digital yuan can also be fully integrated with green finance, based on the big data processing capacity of technology enterprises, through the establishment and improvement of digital RMB accounts and carbon credit accounts of enterprises and individuals, to promote the credit enhancement linkage of the two accounts when the time is ripe. With a good carbon credit history, enterprises and individuals can obtain loans with higher or lower interest rates, and realize the inclusiveness and popularity of financial products and services under the premise of low carbon. In addition, in the early stage of the establishment of the national carbon trading market, some enterprises can trade through carbon quotas or CCER (emission reductions generated by the development of successful certified voluntary emission reduction projects), and the emission reduction records formed by daily green behaviors such as personal green travel, energy conservation and consumption reduction, and garbage classification in the future can also be accurately accounted for in the carbon credit account, and will eventually be included in the carbon trading market for trading, realizing carbon emission reduction benefits, which will help cultivate the good habits of low-carbon life of urban residents. Helping residents develop green and low-carbon living habits is also a useful attempt made by Meituan's pilot.

　　Under the guidance of the "double carbon" goal, the green finance field should vigorously promote the application of digital yuan, strengthen the innovation and linkage of science and technology, environmental protection, and financial industries, and let enterprises and individuals get corresponding incentives for green and low-carbon behavior, such as reducing financing costs or obtaining corresponding green benefits. We believe that the deep integration of the digital economy and green finance is bound to provide a steady stream of strong impetus for China's green and low-carbon development. (Zhongxin Jingwei APP)

　　Zhongxin Jingwei copyright, without written authorization, any unit and individual shall not reprint, excerpt or otherwise use. This article does not represent the views of Sino-Singapore Jingwei.