Spurring low-carbon electrosynthesis through energy and innovation policy
Abstract
Reaching the climate targets set in the Paris Agreement on climate change requires decarbonizing all parts of the global economy. The electrification of industry processes—and more specifically, electrosynthesis (ES)—is an important decarbonization mechanism. To tap into this mechanism's potential and accelerate the decarbonization of these processes, I argue that public policy needs to perform two tasks. First, energy policy needs to enable the provision of CO(2) emissions-free baseload electricity. Second, innovation policy needs to accelerate cost reductions for ES. Here, I discuss why this is the case, what the challenges are, how policy makers can address them, and how political ambition can be increased.
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