Manufacturer’s Green Financing and CER Decisions under the Carbon Tax Policy and Capital Constraints

Table 2

Notations and their definitions.

	Implications
Parameters
	Potential market size
	Sensitivity coefficient of market demand to the selling price
	Level of consumers’ environmental awareness
	Initial carbon emission per unit of low-carbon product
	Production cost per unit of low-carbon product
	Carbon tax rate
	The cost coefficient of CER
	Loan annual interest rate
	Deposit annual interest rate,
	The retailer’s initial capital
Decision variables
	Final carbon emission per unit of low-carbon product
	CER per unit of low-carbon product
	Wholesale price per unit of low-carbon product
	Selling price per unit of low-carbon product
Functions
	Market demand for low-carbon products
	The manufacturer’s profit
	The retailer’s profit
	The supply chain system’s profit
	The superscript “” indicates the optimal solution