Business School, Jiangsu Normal University, Xuzhou 221116, China.
National Tax Institute of STA, Yangzhou 225007, China.
Int J Environ Res Public Health. 2023 Feb 28;20(5):4352. doi: 10.3390/ijerph20054352.
Considering the effect of carbon emission factors on financing, a carbon credit policy was introduced to explore the capital-constrained manufacturer's remanufacturing and carbon emission decisions. Meanwhile, this paper also explored the bank's optimal strategy according to the manufacturer's decision feedback. The results showed the following: (1) The restraining effect of the carbon threshold will directly affect whether the carbon credit policy can positively affect manufacturers' remanufacturing and carbon emissions. (2) When the carbon savings level of remanufactured products is higher, the carbon credit policy can better promote remanufacturing activities and effectively control total carbon emissions. (3) The bank's optimal preferential interest rate for loans is inversely correlated with the carbon threshold. Moreover, under a given carbon threshold, a higher preferential interest rate for loans is also conducive to manufacturers carrying out more or a more extensive range of remanufacturing activities while banks maximize total profit. Based on these findings, this paper also provided managerial insights for manufacturers and policy implications for policy-makers.
考虑到碳排放系数对融资的影响，引入碳信用政策来探讨资本约束制造商的再制造和碳排放决策。同时，本文还根据制造商的决策反馈，探讨了银行的最优策略。结果表明：（1）碳阈值的约束效应将直接影响碳信用政策是否能对制造商的再制造和碳排放产生积极影响。（2）当再制造产品的碳节约水平较高时，碳信用政策可以更好地促进再制造活动，并有效控制总碳排放量。（3）银行贷款的最优优惠利率与碳阈值成反比。此外，在给定的碳阈值下，更高的贷款优惠利率也有利于制造商开展更多或更广泛的再制造活动，同时银行实现总利润最大化。基于这些发现，本文还为制造商提供了管理见解，并为政策制定者提供了政策启示。
