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Title |
Accelerating the Internationalization of the RMB by Anchoring to Green Electricity: A Currency Anchoring Strategy Based on Green Energy |
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Author |
Zhitian Zhou, Duogui Yang |
| Citation |
Vol. 25 No. 2 pp. 61-63 |
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Abstract |
As the hegemony of the US dollar gradually declines, the global monetary system is undergoing significant transformation. This paper proposes that the internationalization of the Renminbi (RMB) can be achieved by anchoring it to green electricity. Green electricity, as the future mainstream of global energy, possesses vast consumption scales and market demand, providing a solid foundation for the internationalization of the RMB. This paper analyzes the advantages of green electricity as an anchor for the RMB and proposes specific implementation strategies, aiming to offer a new pathway for the internationalization of the RMB. Through case studies and specific statistical data, this paper further demonstrates the feasibility and necessity of anchoring the RMB to green electricity. |
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Keywords |
RMB internationalization, green electricity, currency anchoring, US dollar hegemony |
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