Policy Brief—Encouraging Innovation that Protects Environmental Systems: Five Policy Proposals

Hepburn, Cameron; Pless, Jacquelyn; Popp, David

doi:10.1093/reep/rex024

Cited by 32 publications

(27 citation statements)

References 76 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…For instance, our analysis suggests that closed pathways with scalability-such as BECCS and building materials-would be sensitive to a subsidy for CO 2 removals. Changes to standards, mandates, procurement policies and research and development support, in order to close gaps in knowledge across a portfolio of pathways 90 , are also desirable. Financing and managing the emergence of a globally important new set of CO 2 utilization industries will probably require clear direction and industrial support from government.…”

Section: Cross-cutting Effortsmentioning

confidence: 99%

The technological and economic prospects for CO2 utilization and removal

Hepburn

Adlen

Beddington

et al. 2019

Nature

Self Cite

1,437

813

View full text Add to dashboard Cite

processes. Biological or land-based forms of CO 2 utilization can generate economic value in the form of, for example, wood products for buildings, increased plant yields from enhanced soil carbon uptake, and even the production of biofuel and bio-derived chemicals. We use this broader definition deliberately; by thinking functionally, rather than narrowly about specific processes, we hope to promote dialogue across scientific fields, compare costs and benefits across pathways, and consider common techno-economic characteristics across pathways that could potentially assist in the identification of routes towards the mitigation of climate change. In this Perspective, we consider a non-exhaustive selection of ten CO 2 utilization pathways and provide a transparent assessment of the potential scale and cost for each one. The ten pathways are as follows: (1) CO 2-based chemical products, including polymers; (2) CO 2-based fuels; (3) microalgae fuels and other microalgae products; (4) concrete building materials; (5) CO 2 enhanced oil recovery (CO 2-EOR); (6) bioenergy with carbon capture and storage (BECCS); (7) enhanced weathering; (8) forestry techniques, including afforestation/reforestation, forest management and wood products; (9) land management via soil carbon sequestration techniques; and (10) biochar. These ten CO 2 utilization pathways can also be characterized as 'cycling', 'closed' and 'open' utilization pathways (Fig. 1, Table 1, Supplementary Materials). For instance, many (but not all) conventional industrial utilization pathways-such as CO 2-based fuels and chemicals-tend to be 'cycling': they move carbon through industrial systems over timescales of days, weeks or months. Such pathways do not provide net CO 2 removal from the atmosphere, but they can reduce emissions via industrial CO 2 capture that displaces fossil fuel use. By contrast, 'closed' pathways involve utilization and nearpermanent CO 2 storage, such as in the lithosphere (via CO 2-EOR or BECCS), in the deep ocean (via terrestrial enhanced weathering) or in mineralized carbon in the built and natural environments. Finally, 'open' pathways tend to be based in biological systems,

show abstract

Section: Cross-cutting Effortsmentioning

confidence: 99%

The technological and economic prospects for CO2 utilization and removal

Hepburn

Adlen

Beddington

et al. 2019

Nature

Self Cite

1,437

813

View full text Add to dashboard Cite

show abstract

“…Efforts have been made to model IEC endogenously using integrated assessment models (IAM). 6,13,14 However, there is disagreement on the effect of energy-saving efficiency improvements associated with carbon prices. 4,5,15,16 These studies generally follow a bottom-up approach by assuming an ''innovation possibility frontier'' determined by knowledge capital built via research and development (R&D), 5 or similar concepts, 17,18 in the models.…”

Section: Context and Scalementioning

confidence: 99%

Induced Energy-Saving Efficiency Improvements Amplify Effectiveness of Climate Change Mitigation

Wang

Saunders

Moreno‐Cruz

et al. 2019

Joule

View full text Add to dashboard Cite

We show that when energy costs more, which can result from policy choices, the economy will choose more energy-efficient technologies. This not only helps the economy grow faster, resulting in a higher standard of living, but also reduces the amount of energy consumed and carbon dioxide emitted per dollar of output. This suggests that previous studies could be underestimating the social benefits of carbon prices and their role in effectively limiting the emissions of greenhouse gases that cause climate change.

show abstract

“…Previous scholars described the influence of green performance from different dimensions. According to Hepburn et al (2018), policy funding has a significant positive impact on environmental innovation initiatives. Albort-Morant et al (2017) argued that knowledge transfer plays an important role in promoting the green innovation performance.…”

Section: Green Innovation Performancementioning

confidence: 99%

Investigating the impact of dynamic and relational learning capabilities on green innovation performance of SMEs

Singh¹

2019

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

As a country that is quickly developing, the Malaysia government has shown serious commitment to green innovation performance. The government has continuous efforts in advancing the green technology in all small and medium enterprise (SME) sectors in Malaysia. This advancement aligns with the expectation that the green technology sector will be a key driver for improving the national economy through the promotion of sustainable development. Many companies from different sectors in Malaysia has been encouraged to adopt green innovation practices. SMEs that adopts green innovation strategies quickly would definitely obtain competitive advantages against their competitor. Thus, increasing green innovation performance will enable SMEs to increase their efficiency and effectiveness while maintaining its core competency. This research investigates the relationship between dynamic capabilities, relational learning capabilities, and green innovation performance. In addition, the research also investigated the mediation impact of relational learning capabilities between dynamic capabilities and green innovation performance. This study applied variance based equation modeling through partial least square to a sample of 249 from the manufacturing SMEs in Malaysia. The results suggest that there is a positive and significant relationship between dynamic capabilities and green innovation performance. In addition, the research found a positive and significant relationship between dynamic capabilities and relational learning capabilities. Moreover, there is also a positive and significant relationship between relational learning capabilities and green innovation performance. Furthermore, the research found that relational learning capabilities mediate the relationship between dynamic capabilities and green innovation performance. These results could enlighten owner/managers of SMEs manufacturing industry in adoption of green innovation performance practices especially from the dynamic capabilities and relational learning capabilities landscape.

show abstract

Policy Brief—Encouraging Innovation that Protects Environmental Systems: Five Policy Proposals

Cited by 32 publications

References 76 publications

The technological and economic prospects for CO2 utilization and removal

The technological and economic prospects for CO2 utilization and removal

Induced Energy-Saving Efficiency Improvements Amplify Effectiveness of Climate Change Mitigation

Investigating the impact of dynamic and relational learning capabilities on green innovation performance of SMEs

Contact Info

Product

Resources

About