Managing Innovation Ecosystems For Net-Zero Targets

Research output: Chapter in Book/Report/Conference proceedingConference contributionProfessional

Abstract

Innovations play the key role in address sustainability issues such as tackling challenges of anthropogenic emissions in persuasion of net-zero targets. Joint effort of the ecosystem actors aimed to create value of the innovations may require their mutual adaptation of resources and activities, and involvement of societal and institutional actors that contribute to the innovation development and its economic potential. Thus, actors become involved in the innovation ecosystems that embrace their collaboration following customer-oriented goals, a focal innovation, its development, and commercialization. Carbon capture and utilization (CCU) innovations are developed in response to the net-zero targets to decarbonize industrial processes and environmental regulations change. These innovations allow to capture, store and transform carbon dioxide emission into gases or chemicals used in other the industrial processes that is resembling circular economy closing loop process. However, due to an emerging stage of CCU as a business process, related business models and value chains remain in development which makes it difficult to estimate economic value and needed investment for CCU. This empirical study explores how managerial interaction in innovation ecosystems can support novel business models and value chains development aimed at net-zero targets. This study contributes to management literature by exploring challenges and activities of managing innovation ecosystems in the context of Finnish emerging market of carbon capturing. Additionally, this research maps the CCU value chain and ecosystem and discusses how business models of carbon circulation can contribute to sustainability besides mining economic value.
Original languageEnglish
Title of host publication9th International Conference on New Business Models (NBM2024)
PublisherMondragon Unibertsitatea
Number of pages6
DOIs
Publication statusPublished - 2024
Publication typeD3 Professional conference proceedings
EventInternational Conference on New Business Models - Mondragon Unibertsitatea, San Sebastian, Spain
Duration: 3 Jul 20245 Jul 2024
https://www.newbusinessmodels.org/tracks2024

Conference

ConferenceInternational Conference on New Business Models
Abbreviated titleNBM2025
Country/TerritorySpain
CitySan Sebastian
Period3/07/245/07/24
Internet address

Keywords

  • carbon capture
  • sustainability
  • Industrial ecosystem
  • value chain
  • business models

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