Vol. 9 No. 4 (2015)
Articles

Greener cement sector and potential climate strategy development between 2015-2030 (Hungarian case study)

Published December 30, 2015
Mária Böröcz
Faculty of Economics and Social Sciences, Climate Change Economic Research Centre
Bálint Horváth
Faculty of Economics and Social Sciences, Climate Change Economic Research Centre
Boglárka Herczeg
Faculty of Economics and Social Sciences, Climate Change Economic Research Centre
Attila Kovács
Faculty of Economics and Social Sciences, Department of Operations Management and Logistics, Szent István University
pdf

APA

Böröcz, M. ., Horváth, . B. ., Herczeg, . B., & Kovács, A. (2015). Greener cement sector and potential climate strategy development between 2015-2030 (Hungarian case study). Applied Studies in Agribusiness and Commerce, 9(4), 65-74. https://doi.org/10.19041/APSTRACT/2015/4/9

Advancing the domestic industrial production towards a sustainable, resource-preserving direction can become an important pillar to support competitiveness in the European Union, as well as in Hungary. Reaching the de-carbonization goals for industrial production via lowering the production volume may result in less desirable macro-economic effects, so decisions which concern the industry require a lot of attention from the climate policy as well. In the case of the cement sector, economic actors have to be motivated to make energy-efficiency investments and technology developments, which also show promise in terms of business efficiency. In the more natural-resource-intensive branches of the industry, both innovations and technological developments will be required to reduce the amount of used non-renewable energy resources, keep it in the industrial cycle, and reduce environmental load. The importance of greener cement will be essential in the near future to reduce the sector’s CO2 emission levels. We need to identify more sector branches which relate to sustainability, which can aid the country in establishing long-term competitiveness that points towards the de-carbonization goals. The cost-efficiency aspects of this development process are the most tedious questions in today’s business planning.

JEL classification: Q55