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Green Technology Choice for Deep Decarbonization

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Sustainable Supply Chains

Part of the book series: Springer Series in Supply Chain Management ((SSSCM,volume 23))

Abstract

The urgent need for deep decarbonization involves substantial structural changes to minimize carbon emissions. Fortunately, green technologies for decarbonization already exist in heavily polluting industries, supported by well-established policy instruments. However, the deployment of these technologies lags behind. This chapter starts with a macro-level overview of decarbonization and then provides a deeper dive into the energy and industrial sectors, the two heaviest polluters. For Energy, we note that the levelized costs of renewables reached a near parity with conventional sources, but their intermittent call to focus on energy storage technologies, which we review. For Industry, we focus on the triangulation of demand, supply, and policy mechanisms. Throughout, we discuss recent research in operations and supply chain management and the adjacent relevant fields.

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Notes

  1. 1.

    https://unfccc.int/event/cop-27?item=7

  2. 2.

    https://www.iea.org/news/record-clean-energy-spending-is-set-to-help-global-energy-investment-grow-by-8-in-2022

  3. 3.

    Kok et al. (2018) also modeled intermittency as a two-point distribution, while Hu et al. (2015) modeled it as a discrete random variable with 20 mass points on a [0,1].

  4. 4.

    https://www.cnbc.com/2021/12/08/australia-switches-on-victoria-big-battery-powered-by-tesla-megapacks.html

  5. 5.

    https://www.pv-magazine.com/2022/09/29/china-connects-worlds-largest-redox-flow-battery-system-to-grid/

  6. 6.

    https://www.iea.org/data-and-statistics/charts/levelised-cost-of-co2-capture-by-sector-and-initial-co2-concentration-2019

  7. 7.

    http://www.anfre.com/global-aluminium-smelters-production-costs-on-decline/

  8. 8.

    https://www.steelonthenet.com/kb/world-cost-curve-hrc.html

  9. 9.

    As an example of this situation, consider the solar installation at a steel mill in Pueblo, Colorado, in the United States owned by EVRAZ (a Russian steel conglomerate); https://www.yahoo.com/news/construction-completed-solar-project-support-213444252.html. Disclaimer: the first author of this chapter worked with EVRAZ executives on multiple sustainability projects.

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Correspondence to Anton Ovchinnikov .

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Ovchinnikov, A., Mackinnon, J. (2024). Green Technology Choice for Deep Decarbonization. In: Bouchery, Y., Corbett, C.J., Fransoo, J.C., Tan, T. (eds) Sustainable Supply Chains. Springer Series in Supply Chain Management, vol 23. Springer, Cham. https://doi.org/10.1007/978-3-031-45565-0_12

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