Climate and Energy Issues of Energy-Intensive Sectors

,; Horvath, Agnes; Papp, Adrienn Takacsne; ,; Molnar, Lġszlĳ; ,; Liptak, Katalin; ,; Musinszki, Zoltan; ,; Markovics, Klara Szucsne; ,

doi:10.24818/ea/2023/64/813

Cited by 3 publications

(2 citation statements)

References 22 publications

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“…In the steel industry, for example, the shift from the coal-based Blast Furnaces-Basic oxygen Furnaces (BF-BOF) to Electric Arc Furnaces (EAFs) with more favourable energy characteristics or Direct Reduced Iron (DRI) technology represents a breakthrough in energy efficiency (Yu & Tan, 2022;Zhang et al, 2022). In sectors with less potential for renewables, carbon capture and storage technologies can contribute to climate goals (Lee et al, 2022;Horváth et al, 2023).…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Sectoral Differences in Emission Reduction in Hungary

Horváth

2023

TMP

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The European Union sets ambitious environmental and climate protection targets. The Emissions Trading System (ETS), launched in 2005, is seen as one of the main tools for reducing emissions. The system is currently in its 4th phase of operation. This article looks at the emission reductions achieved by Hungarian installations covered by the EU ETS during the 17 years of operation of the ETS. The analysis shows that the installations have achieved an overall reduction in CO2 emissions of around 37% from 2005 to 2022, with the most significant contribution from companies in the energy sector. Installations in the energy sector have almost halved their total verified CO2 emissions, while manufacturing has reduced emissions by only 3 percent.

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Section: Conclusion and Recommendationsmentioning

confidence: 99%

Sectoral Differences in Emission Reduction in Hungary

Horváth

2023

TMP

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“…Energy production based on these technologies reduces the use of fossil fuels and carbon dioxide emissions, contributing to the fight against climate change (Schoor et al, 2023). The technology also enables energy efficiency (Horváth et al, 2023) in buildings, industry and transport. By stimulating the development of digital technology, smart home systems and efficient manufacturing processes will help to reduce energy and resource demand.…”

Section: Technological Sustainabilitymentioning

confidence: 99%

From Three-Factors Model of Sustainability to the Integrated Model of Sustainability

Hódiné Hernádi

2023

TMP

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In addition to the three dimensions of sustainability, environmental, social and economic, other aspects that have emerged in recent years in both literature and practice as requiring particular attention in achieving sustainability are culture, human capital, technology, industry and business, politics and good governance, and peace. Therefore, the aim of this paper is to present these factors as well as multidimensional models of sustainability and ultimately to synthesize and integrate them into an eight-factor model of sustainability. Finally, it sets out a further line of research, focusing on how these dimensions affect the understanding and implementation of corporate sustainability.

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Decarbonization in the Oil and Gas Sector: The Role of Power Purchase Agreements and Renewable Energy Certificates

Chrysikopoulos,

Chountalas,

Georgakellos

et al. 2024

Sustainability

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This study examines the adoption of Power Purchase Agreements (PPAs) and Renewable Energy Certificates (RECs) as strategic tools for decarbonization in the oil and gas sector. Focusing on the 21 largest oil and gas companies across Europe, North America, and South America, the analysis reveals varied adoption rates and strategic emphases between regions. European companies exhibit robust integration of PPAs and RECs to expand renewable energy capacities and reduce emissions, aligning closely with aggressive EU climate policies. In contrast, American companies show a cautious approach, focusing more on emission reduction from existing operations than on renewable expansions. The study’s findings indicate that, while both regions are advancing in their decarbonization efforts, European companies are leading with more defined renewable energy targets and comprehensive low-carbon strategies. This research contributes to understanding how different regulatory environments and market conditions influence corporate strategies towards sustainable energy transitions in traditionally hard-to-abate industries.

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Climate and Energy Issues of Energy-Intensive Sectors

Cited by 3 publications

References 22 publications

Sectoral Differences in Emission Reduction in Hungary

Sectoral Differences in Emission Reduction in Hungary

From Three-Factors Model of Sustainability to the Integrated Model of Sustainability

Decarbonization in the Oil and Gas Sector: The Role of Power Purchase Agreements and Renewable Energy Certificates

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