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  Impact of global heterogeneity of renewable energy supply on heavy industrial production and green value chains

Verpoort, P., Gast, L., Hofmann, A., Ueckerdt, F. (2024): Impact of global heterogeneity of renewable energy supply on heavy industrial production and green value chains. - Nature Energy, 9, 491-503.
https://doi.org/10.1038/s41560-024-01492-z

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https://zenodo.org/doi/10.5281/zenodo.8253822 (Supplementary material)
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 Creators:
Verpoort, Philipp1, Author              
Gast, Lukas2, Author
Hofmann, Anke2, Author
Ueckerdt, Falko1, Author              
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              
2External Organizations, ou_persistent22              

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 Abstract: On the path to climate neutrality, global production locations and trade patterns of basic materials might change due to the heterogeneous availability of renewable electricity. Here we estimate the ‘renewables pull’, which is the energy-cost savings, for varying depths of relocation for three key tradable energy-intensive industrial commodities: steel, urea and ethylene. For an electricity-price difference of €40 MWh−1, we find respective relocation savings of 18%, 32% and 38%, which might, despite soft factors in the private sector, lead to green relocation. Conserving today’s production patterns by shipping hydrogen is substantially costlier, whereas trading intermediate products could save costs while keeping substantial value creation in renewable-scarce importing regions. In renewable-scarce regions, a societal debate on macroeconomic, industrial and geopolitical implications is needed, potentially resulting in selective policies of green-relocation protection.

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Language(s): eng - English
 Dates: 2023-04-132024-03-012024-04-242024-04-24
 Publication Status: Finally published
 Pages: 14
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: Organisational keyword: RD3 - Transformation Pathways
PIKDOMAIN: RD3 - Transformation Pathways
Working Group: Energy Systems
MDB-ID: No MDB - stored outside PIK (see DOI)
Model / method: Quantitative Methods
Regional keyword: Global
Research topic keyword: Economics
Research topic keyword: Energy
Research topic keyword: Sustainable Development
OATYPE: Hybrid - Nature OA
DOI: 10.1038/s41560-024-01492-z
 Degree: -

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Project name : ARIADNE
Grant ID : 03SFK5A
Funding program : -
Funding organization : Bundesministerium für Bildung und Forschung (BMBF)
Project name : ARIADNE-2
Grant ID : 03SFK5A0-2
Funding program : -
Funding organization : Bundesministerium für Bildung und Forschung (BMBF)
Project name : INTEGRATE
Grant ID : 01LP1928C
Funding program : -
Funding organization : -
Project name : HyValue
Grant ID : 333151
Funding program : -
Funding organization : -
Project name : CCfD
Grant ID : DE64B88F- 54CC-4CFB-B802-7CEC1AA2E542
Funding program : -
Funding organization : -

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Title: Nature Energy
Source Genre: Journal, SCI, Scopus
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Publ. Info: -
Pages: - Volume / Issue: 9 Sequence Number: - Start / End Page: 491 - 503 Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/nature-energy
Publisher: Nature