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Cost-efficient pathways to decarbonizing
Portland cement production
Glenk, Gunther
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Kelnhofer, Anton
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Meier, Rebecca
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Reichelstein, Stefan
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230501 Decarbonizing Portland Cement - Manuscript.pdf
- Veröffentlichte Version
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URN:
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urn:nbn:de:bsz:180-madoc-644031
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Dokumenttyp:
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Arbeitspapier
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Erscheinungsjahr:
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2023
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Ort der Veröffentlichung:
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Mannheim
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Sprache der Veröffentlichung:
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Englisch
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Einrichtung:
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Fakultät für Betriebswirtschaftslehre > Stiftungsprofessur für ABWL (Reichelstein 2018-)
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Fachgebiet:
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330 Wirtschaft
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Abstract:
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Accounting for nearly 8% of global annual carbon dioxide (CO2) emissions, the cement industry is considered difficult to decarbonize. While a sizeable number of abatement levers for Portland cement production are technologically ready for deployment, many are still viewed as prohibitively expensive. Here we develop a generic abatement cost framework for identifying cost-efficient pathways toward substantial emission reductions. We calibrate our model with new industry data in the context of European cement plants that must obtain emission permits under the European Emission Trading System. We find that a price of €81 per ton of CO2, as observed on average in 2022, incentivizes firms to reduce their annual direct emissions by about one-third relative to the status quo. Yet, this willingness to abate emissions increases sharply at a carbon price of €100 per ton. If cement producers were to expect such carbon price levels to persist in the future, they would have incentives to reduce emissions by almost 80% relative to current emission levels.
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 | Dieser Eintrag ist Teil der Universitätsbibliographie. |
 | Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
 Suche Autoren in
BASE:
Glenk, Gunther
;
Kelnhofer, Anton
;
Meier, Rebecca
;
Reichelstein, Stefan
Google Scholar:
Glenk, Gunther
;
Kelnhofer, Anton
;
Meier, Rebecca
;
Reichelstein, Stefan
ORCID:
Glenk, Gunther  ORCID: https://orcid.org/0000-0003-2540-838X, Kelnhofer, Anton, Meier, Rebecca and Reichelstein, Stefan
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