This paper explores climate-friendly projects that could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from a literature review on technology options in advanced development stages for climate-friendly production, enhanced sorting, and recycling of steel, cement, aluminium, and plastics, are combined with insights from interviews with 31 European stakeholders in these sectors about the practical and economic feasibility of these technology options. Results indicate that with an estimated investment of 28.9 billion Euros, up to 20% of EU's basic materials could be produced through low-emission processes or additional recycling by 2025 with technologies that are commercially available or at pilot scale today. However, our stakeholder consultation also shows that in order to make these short-term investments viable, six main barriers need to be addressed, namely: (i) the lack of effective and predictable carbon pricing, (ii) the limited availability of affordable green electricity, (iii) the lack of a regulatory framework for circularity, (iv) low technology market readiness and funding, (v) the lack of infrastructure for hydrogen, CO 2 and power, and (vi) the lack of demand for climate-friendly and recycled materials. Based on these insights, the paper proposes elements of a policy package that can create a framework favourable for investments in these technologies; these policies should ideally accompany the recovery package to give credibility to investors that the business case will last beyond the recovery period. Key policy insights:. Technologies for climate-friendly materials production, sorting and recycling can be supported as part of the recovery package but require an enabling policy framework.

A vállalati erőforrások és képességek középponti szerepe a stratégiai menedzsmentben az 1990-es évtized óta egyértelmű, miután az erőforrás-alapú iskola (resource-based view, RBV) rámutatott, hogy a vállalatok heterogenitása alapvető hatással van azok stratégiájára. A szerzők cikkükben a Budapesti Corvinus Egyetem Versenyképességi Kutatóközpontja által 2018-2019-ben elvégzett kérdőíves felmérés adatai alapján főkomponens- és klaszterelemzés segítségével azt vizsgálják, mennyire tárhatók fel jellemző mintázatok a vállalatok által követett stratégiai magatartásban és ezek hatással voltak-e versenyképességükre. Fő következtetésük, hogy „nincs királyi út”, de egyes stratégiák nagyobb arányban kecsegtettek jó eredménnyel. Előtérbe kerültek a vállalati működés belső dimenziói, így azok a vállalatok, amelyek erőforrásaik és képességeik fejlesztésére koncentráltak, nagyobb arányban kerültek a kiemelkedő versenyképességű vállalatok csoportjába.

No abstract

This paper explores which climate-friendly projects could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from a literature review on technology options in advanced development stages for climate-friendly production and enhanced sorting and recycling of steel, cement, aluminium and plastics are combined with insights from interviews with 31 European industry stakeholders about the practical and economic feasibility of these technology options. Results indicate that with an estimated investment of 28.9 billion Euro, about 20% of EU's basic materials could be produced through low-emission processes or additional recycling by 2025 with technologies that are commercially available or at pilot scale today. However, our stakeholder consultation also shows that in order to make these short-term investments viable in the long term, six main barriers need to be addressed, namely i) the lack of effective and predictable carbon pricing, ii) the limited availability of affordable green electricity, iii) the lack of a regulatory framework for circularity, iv) low technology readiness and funding, v) the lack of infrastructure for hydrogen, CO2 and power, and vi) the lack of demand for climate-friendly and recycled materials. Based on these insights, the paper proposes elements of a policy package that can create a long-term framework favourable for investments in these technologies and should ideally accompany the recovery package to give credibility to investors that the business case will last beyond the recovery timeframe.

No abstract