Abstract
The European metal industry can minimize carbon and energy intensity through Circular Economy (CE) solutions in order to achieve the Agendas’ 2030; 2050 targets. This paper evaluates the eco-efficiency in 21 European countries using hybrid window data envelopment analysis (WDEA) across two scenarios. The study compares short- and a meso-term policies by choosing different window widths. Inputs include gross fixed capital formation (GFCF), labor force, and energy intensity value added, with value added as desirable output and carbon intensity value added as undesirable output. Results show that the meso-term policy yields an average eco-efficiency of 47%, while the short-term policy achieves 55%, suggesting that short-term strategies are more effective for the metal industry in reaching the Net-Zero goals. Geographically, Western and Northern Europe exhibit better eco-efficiency than Eastern and Southern Europe. In essence, the European metal industry can reach a Net-Zero status through deep CE transformations in energy and carbon intensity via cleaner production.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
