Headline: RIFS Blog December 2023

The blog of the Research Institute for Sustainability (RIFS) contains contributions from employees in all RIFS departments and covers a huge range of themes. In addition to discussing the latest research findings and events, the blog authors comment on political developments.

 

Decarbonizing Industry

How Decarbonization Will Transform the Geography of Industrial Production: New Evidence on the “Renewables Pull” Hypothesis

The availability of renewable energy is an important factor for future investment decisions in the chemical and steel industry. This is a key finding of our survey of 300 decision-makers from the chemical and steel industry. 92 per cent of the respondents anticipate that their company will relocate facilities as it seeks to decarbonize production. In addition to low-cost renewable energies, the respondents identify political support as a key factor in investment location decisions.

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