Production Decisions Of Construction Machinery Remanufacturing Enterprises Considering Carbon Emission Reduction Under Carbon Fund

As the environment deteriorates,the advocacy of energy conservation and emissions reduction is becoming more and more valued.Plenty of countries have promulgated carbon policies to link economic recovery with low-carbon development.At present,there exist 31carbon-trading markets and 30 carbon tax mechanisms in the world,covering nearly 12 billion tons of carbon dioxide emissions in 46 countries and 32 regions,accounting for about22% of the total global greenhouse gas emissions.China also officially launched the national unified carbon market in 2021.In the 2022 government work report,China listed "stepping up the research on major issues of ’double carbon’ and forming operable policy measures" as the key work,and called on financial institutions to increase their support for the transformation of traditional high-carbon industries and develop green financial products and tools.Carbon fund is a green financial instrument set up for emission reduction projects or carbon market investment.With policy guidance and government support,the carbon fund continues to grow and provides new financing channels for enterprises.As one of the high-energy consuming industries,the construction machinery industry mostly produces large-scale and heavy equipment with high carbon emissions that is also a key emission control industry.It is deeply affected by the carbon policy.The implementation of remanufacturing can significantly save resources and reduce carbon emissions.However,due to the particularity of products,engineering machinery remanufacturing enterprises are prone to lack of funds and have the needs of financing and emission reduction.Carbon fund can provide them with a new way of financing.Therefore,under the carbon trading policy,this paper takes the carbon fund as the way of financing and emission reduction of construction machinery remanufacturing enterprises,and studies the production decision-making of construction machinery remanufacturing enterprises considering carbon emission reduction under three different types of carbon funds(i.e.equity investment,emission reduction sharing and loan carbon funds).Firstly,the production decision-making of construction machinery remanufacturing enterprises considering carbon emission reduction under is studied.Taking the construction machinery remanufacturing enterprises with capital constraints as the research subject,this paper studies the impact of financing and emission reduction through carbon fund of equity investment on the production decision-making of construction machinery remanufacturing enterprises under the carbon trading policy compared with the situation of no financing and emission reduction.The impact of initial capital of enterprises,equity investment/emission reduction rate,the diseconomy coefficient of recycling scale and consumers’ acceptance of construction machinery remanufacturing on the production decision-making of enterprises,profit and carbon emission are analyzed.Secondly,the production decision-making of construction machinery remanufacturing enterprises considering carbon emission reduction under the emission reduction sharing carbon fund is studied.Taking the construction machinery remanufacturing enterprises with financial constraints as the research subject,this paper studies the impact of financing and emission reduction through the emission reduction shared carbon fund on the production decision of construction machinery remanufacturing under the carbon trading policy compared with the situation of no financing and emission reduction.The initial capital of enterprises,the relevant parameters of emission reduction shared carbon fund,the impact of the diseconomy coefficient of recycling scale and consumers’ acceptance of construction machinery remanufacturing on the production decision-making,profit and carbon emission of enterprises are analyzed.Finally,the production decision-making of construction machinery remanufacturing enterprises considering carbon emission reduction under loan carbon fund is studied.This paper takes the construction machinery remanufacturing enterprises with financial constraints as the research subject.It studies the impact of only financing emission reduction through loan carbon fund and financing emission reduction and production through loan carbon fund on the production decision-making of construction machinery remanufacturing enterprises under the carbon trading policy compared with the situation of no financing and emission reduction.The initial capital of enterprises,loan financing amount / emission reduction rate,the impact of the diseconomy coefficient of recycling scale and consumers’ acceptance of construction machinery remanufacturing on the production decision-making,profit and carbon emission of enterprises are analyzed.