Modelling the transformation of energy-intensive industries based on site-specific investment decisions.

ABSTRACT: The transition towards climate-neutral industry is a challenge, particularly for heavy industries like steel and basic chemicals. Existing models for assessing industrial transformation often lack spatial resolution and fail to capture individual investment decisions. Consequently, the spatial interplay between industry transformation, energy availability, infrastructure availability, and the dynamics of discrete investments is inadequately addressed. Here we present a site-specific approach that considers individual industrial sites to simulate discrete investment decisions. The investment decision is modelled as a discrete choice among alternative technologies with their total cost of ownership as the main decision criterion. Process costs depend on the scenario-specific assumptions, suc

SUBMITTER: Neuwirth M 

PROVIDER: S-EPMC11655855 | biostudies-literature | 2024 Dec

REPOSITORIES: biostudies-literature