Green Technology Choice for Deep Decarbonization

The urgent need for deep decarbonization involves substantial structural changes to minimize carbon emissions. Fortunately, green technologies for decarbonization already exist in heavily polluting industries, supported by well-established policy instruments. However, the deployment of these technologies lags behind. This chapter starts with a macro-level overview of decarbonization and then provides a deeper dive into the energy and industrial sectors, the two heaviest polluters. For Energy, we note that the levelized costs of renewables reached a near parity with conventional sources, but their intermittent call to focus on energy storage technologies, which we review. For Industry, we focus on the triangulation of demand, supply, and policy mechanisms. Throughout, we discuss recent research in operations and supply chain management and the adjacent relevant fields.