South Korean government launches 2 trillion won 'Southeast Region Industrial Transition Green Fund' to support SMEs in Busan, Ulsan, and South Gyeongsang Province over 9 years, aiming to boost regional economic growth and green transition.
#YonhapInfomax #SoutheastRegionGreenFund #RegionalEconomicSupport #IndustrialTransition #SMEInvestment #GreenFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=50226
New 'Southeast Region Industrial Transition Green Fund' to Support Busan, Ulsan, and South Gyeongsang SMEs with 2 Trillion Won
South Korean government launches 2 trillion won 'Southeast Region Industrial Transition Green Fund' to support SMEs in Busan, Ulsan, and South Gyeongsang Province over 9 years, aiming to boost regional economic growth and green transition.
Modelling the transformation of energy-intensive industries based on site-specific investment decisions - Scientific Reports
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, such as energy carrier prices, policy instruments and local infrastructures. The age of production units and their reinvestment cycles are considered the main restrictions on the dynamics of the transition. The results provide high spatial resolution to capture the spatial and temporal dynamics of industry transition under varying process and policy assumptions. The presented model and its results can be coupled with energy system models to assess the implications of site-specific industry transition on energy system related research questions. We conduct an exemplary case study for a transformation pathway of the European primary steel production.
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With EU's coming carbon border tax, German steelmakers are under pressure to clean up their act. Shift to hydrogen-based 'green steel' could cut emissions up to 95%, but high costs & infrastructure challenges remain.
#EUClimatePolicy #IndustrialTransitionhttps://thetrasheconomy.com/2024/03/07/german-steel-hopes-hydrogen-can-help-them-go-green/
German Steel Hopes Hydrogen can Help them Go Green
German steelmakers are investing billions to reduce emissions and transition to greener production methods. This involves using hydrogen as a fuel source to significantly cut carbon emissions. The …
RT @ulla234: Closing session at #EEN2022 with @EU_Growth @EU_EISMEA @TC_CAS reflecting on the 4 themes of the conference #industrialtransition #innovation #SingleMarket and beyond & #Quality - additionally #resilience of #SMEs helped by an agile network #eencanhelp
🐦🔗: https://nitter.eu/EU_EISMEA/status/1585573631152750592
EISMEA (@EU_EISMEA)
RT @ulla234: Closing session at #EEN2022 with >@EU_Growth @EU_EISMEA @TC_CAS reflecting on the 4 themes of the conference #industrialtransi…
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