气候变化领域集成服务门户(CCPortal): Explaining varying speeds of low-carbon reorientation in the United Kingdom's steel, petrochemical, and oil refining industries: A multi-dimensional comparative analysis and outlook

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DOI	10.1016/j.erss.2024.103488
	Explaining varying speeds of low-carbon reorientation in the United Kingdom's steel, petrochemical, and oil refining industries: A multi-dimensional comparative analysis and outlook
	Geels, Frank W.; Gregory, Julian
发表日期	2024
ISSN	2214-6296
EISSN	2214-6326
起始页码	111
卷号	111
英文摘要	Accelerated decarbonisation of steelmaking, oil refining and petrochemical industries is essential for climate change mitigation. Drawing on three longitudinal case studies of these industries in the UK, this synthesis article makes a comparative analysis of their varying low-carbon reorientation speeds. The paper uses the triple embeddedness framework to analyse five factors (policy support, international competition, financial health, technical feasibility, corporate strategy and mindset) that explain why UK oil refineries have in recent years been comparatively the fastest in their low-carbon reorientation and UK steelmakers the slowest. We find that policy support has been more beneficial for refining and petrochemicals than for steel, although recent government deals with steelmakers addressed this imbalance. International competition has been high for steel and petrochemicals and comparatively lower for refining (meaning that decarbonisation costs are less detrimental for international competitiveness). Financial performance has comparatively been worst for steel and best for oil refining, which shapes the economic feasibility of low-carbon options. Hydrogen and carbon-capture-and-storage are technologically feasible for refining and petrochemicals, while Electric Arc Furnaces are technically feasible for steelmakers but face wider feasibility problems (with scrap steel supply, electricity grids, and electricity prices), which is why we question the recent government deals. Corporate strategy and perceptions changed in oil refining, with firms seeing economic opportunities in decarbonisation, while steelmakers and petrochemical firms still mostly see decarbonisation as a burden and threat. The paper ends with comparative conclusions, a discussion of political considerations, and future outlooks for the three UK industries, policy, and research.
英文关键词	Decarbonisation; Incumbent firm reorientation; Triple Embeddedness Framework; Net-zero
语种	英语
WOS研究方向	Environmental Sciences & Ecology
WOS类目	Environmental Studies
WOS记录号	WOS:001202380700001
来源期刊	ENERGY RESEARCH & SOCIAL SCIENCE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/299397
作者单位	University of Manchester
推荐引用方式 GB/T 7714	Geels, Frank W.,Gregory, Julian. Explaining varying speeds of low-carbon reorientation in the United Kingdom's steel, petrochemical, and oil refining industries: A multi-dimensional comparative analysis and outlook[J],2024,111.
APA	Geels, Frank W.,&Gregory, Julian.(2024).Explaining varying speeds of low-carbon reorientation in the United Kingdom's steel, petrochemical, and oil refining industries: A multi-dimensional comparative analysis and outlook.ENERGY RESEARCH & SOCIAL SCIENCE,111.
MLA	Geels, Frank W.,et al."Explaining varying speeds of low-carbon reorientation in the United Kingdom's steel, petrochemical, and oil refining industries: A multi-dimensional comparative analysis and outlook".ENERGY RESEARCH & SOCIAL SCIENCE 111(2024).