A green, low-carbon concrete is a top way to recycle waste in construction. This study uses industrial solid waste slag powder (S95) and fly ash (FA) as binders to completely replace cement. This study used recycled coarse aggregate (RCA) instead of natural coarse aggregate (NCA). This is to prepare alkali-activated recycled concrete (AARC) with different cementitious material systems. Alkali-activated concrete (AAC) mixtures are modified for strength and performance based on the mechanical qualities and durability of AARC. Also, the time-varying effects of the environment on AARC properties are explored. The results show that with the performance enhancement of RCA, the mechanical performance of AARC is significantly improved. As RCA's quality improves, so does AARC's compressive strength. At a cementitious material content of 550 kg/m3, AARC's 28d compressive strengths using I-, II-, and III-class RCA were reduced by 2.2%, 12.7%, and 21.8%, respectively. I-class AARC has characteristics similar to natural aggregate concrete (NAC) in terms of shrinkage, resistance to chloride penetration, carbonization, and frost resistance. AARC is a new type of green building material that uses industrial solid waste to prepare alkali-activated cementitious materials. It can effectively reduce the amount of cement and alleviate energy consumption. This is conducive to the reuse of resources, environmental protection, and sustainable development.