A Game Analysis of Corporate Recycling and Government Regulation: A Currency Form Replacement Perspective

To achieve the “double carbon” goal, enterprises actively engage in recycling and reusing waste products. This approach not only alleviates the dual problems of resource shortage and environmental pollution but also effectively reduces carbon emissions. This paper establishes a two-party evolutionary game model involving “enterprise-government” under limited rationality. Building on this model, the influence of different money forms on recycling entities and regulatory models at different times is considered. The results indicate five evolutionarily stable and balanced strategies correspond to each stage of different currency forms, explained through cost, income, and information transparency dimensions. Finally, according to the characteristics of E-CNY, the paper proposes that the system can achieve an ideal win–win state for both parties. This conclusion recommends the further exploration of the deep application of modern information technology in the field of waste recycling.