2021
DOI: 10.1111/jiec.13124
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Emission reduction strategies in the EU steel industry: Implications for business model innovation

Abstract: The European steel industry must achieve deep greenhouse gas emission reductions to become climate neutral by 2050. New business models are often proposed as one of the key solutions but are mostly addressed in general terms, without elaborating on or systematically analyzing how these new business models are actually linked to specific mitigation measures or strategies. In this paper, we assess when and to what extent different emission reduction strategies in the EU steel industry have implications for busin… Show more

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Cited by 42 publications
(19 citation statements)
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“…Influential parameters or material efficiency strategies to reduce GHG emissions have been explored at economy-wide levels, 22 in specific sectors in Germany, 23,24 and for the EU and United States steel cycles. 25,26 However, global environmental impacts associated with the production of different metals have not been fully analyzed, considering not only material efficiency but also material stock dynamics, varying growth among different income level groups, etc. This results in an insufficient understanding of effective measures to reduce the global environmental impact of metal production in relation to future socio-economic narratives.…”
Section: Introductionmentioning
confidence: 99%
“…Influential parameters or material efficiency strategies to reduce GHG emissions have been explored at economy-wide levels, 22 in specific sectors in Germany, 23,24 and for the EU and United States steel cycles. 25,26 However, global environmental impacts associated with the production of different metals have not been fully analyzed, considering not only material efficiency but also material stock dynamics, varying growth among different income level groups, etc. This results in an insufficient understanding of effective measures to reduce the global environmental impact of metal production in relation to future socio-economic narratives.…”
Section: Introductionmentioning
confidence: 99%
“…The technology and material efficiency scenarios assessed could be encouraged through new business models (Allwood, 2013). Axelson et al (2021) provide a systematic evaluation of the business models that could be used to implement industrial decarbonisation strategies in the steel industry.…”
Section: Developing Effective Business Modelsmentioning
confidence: 99%
“…Other forms of innovation, e.g. regarding organizational structures and business models throughout the value chains, may also be needed (Olivetti & Cullen, 2018), although the demand and scope for such innovations also depends on the pathways followed to zero emissions (Axelson et al, 2021).…”
Section: Knowledge Creation and Innovationmentioning
confidence: 99%