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Turning Risks into Reward: Diversifying the Global Value Chains of Decarbonization Technologies

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dc.contributor.authorRosenow, Samuel Kaspar
dc.contributor.authorMealy, Penny
dc.date.accessioned2024-02-09T20:54:39Z
dc.date.available2024-02-09T20:54:39Z
dc.date.issued2024-02-07
dc.description.abstractReaching net-zero emissions by 2050 requires unprecedented scaling up in the global deployment of critical decarbonization technologies, such as solar photovoltaics, wind turbines, and electric vehicles (EVs). This challenge is currently rife with risks and rewards. With global pro-duction perceived to be concentrated in a small number of countries, mitigating against possible supply-side risks has become an urgent policy priority for many countries. At the same time, these technologies’ high-growth potential offer lucrative rewards for countries able to strategically position themselves to produce requisite materials, compo¬nents or assemble final products. As green industrial policies have become an increasingly popular tool for shoring up supply chains and stimulating production in key green sectors, this paper presents a data-driven framework for identifying which countries could have key strengths and latent comparative advantages in the production of solar PV, wind turbines and EVs. It constructs a new dataset of traded products, components, and materials associated with decarbonization technologies and develops new indices capturing countries’ current export strengths and future diversification potential in the global value chains of these technologies. It also highlights products with supply risks due to high market concentration levels and those with development rewards in terms of their potential for growth, knowledge spillovers, and technological upgrading. Our analysis suggests that there is plenty of opportunity to diversify these value chains across a larger number of countries and reduce risks associated with reliance on only a few countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/099936402072438837/IDU127b390ef1155014bd91aea9110575d799ce6
dc.identifier.doi10.1596/1813-9450-10696
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/41024
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10696
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGLOBAL VALUE CHAINS
dc.subjectNET-ZERO EMISSIONS
dc.subjectDECARBONIZATION
dc.subjectEXPORT STRENGTH INDEX
dc.subjectDECARBONIZATION TECHNOLOGIES
dc.titleTurning Risks into Rewarden
dc.title.subtitleDiversifying the Global Value Chains of Decarbonization Technologiesen
dspace.entity.typePublication
okr.crossref.titleTurning Risks into Reward: Diversifying the Global Value Chains of Decarbonization Technologies
okr.date.disclosure2024-02-07
okr.date.lastmodified2024-02-08T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099936402072438837/IDU127b390ef1155014bd91aea9110575d799ce6
okr.guid099936402072438837
okr.identifier.docmidIDU-27b390ef-1550-4bd9-aea9-10575d799ce6
okr.identifier.doi10.1596/1813-9450-10696
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10696
okr.identifier.externaldocumentum34254084
okr.identifier.internaldocumentum34254084
okr.identifier.reportWPS10696
okr.import.id3116
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099936402072438837/pdf/IDU127b390ef1155014bd91aea9110575d799ce6.pdfen
okr.region.geographicalWorld
okr.sectorOther Public Administration
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnergy::Energy Finance
okr.unitGGS-CCG-Finance & Economics Unit (SCCFE)
okr.unitIFC
relation.isAuthorOfPublication44be2ac6-b48c-4421-b0fd-e488cc03ad9a
relation.isAuthorOfPublication.latestForDiscovery44be2ac6-b48c-4421-b0fd-e488cc03ad9a
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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