Unlocking innovation for net zero: constraints, enablers, and firm-level transition strategies

Transition pathways for net zero encompass seemingly insurmountable innovation challenges for the scaling of less mature technological solutions such as hydrogen, materials substitution, and electrification as well as societal challenges to increase the market acceptability of these solutions. In th...

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Bibliographic Details
Published in:Industry and innovation 2024-01, Vol.31 (1), p.16-41
Main Authors: Pinkse, Jonatan, Demirel, Pelin, Marino, Alba
Format: Article
Language:English
Subjects:
business model
Business models
Climate change
Companies
Emission standards
Frame analysis
Hydrogen
Industry
innovation capabilities
innovation constraints
Innovations
Materials substitution
net zero
path dependency
Strategic planning
Sustainability
Sustainable development
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Summary:Transition pathways for net zero encompass seemingly insurmountable innovation challenges for the scaling of less mature technological solutions such as hydrogen, materials substitution, and electrification as well as societal challenges to increase the market acceptability of these solutions. In this article, we present a conceptual framework which provides a firm-level perspective on net-zero innovation which has four unique characteristics, i.e. it is complex, systemic, urgent, and directional. The framework shows that the input, process, and output constraints that incumbent firms face in the net-zero transition can be tackled through four firm-level innovation levers - i.e. recombinative, collaborative, integrative, and socio-cognitive capabilities - which, in concert, act as enablers for firms to address these net-zero constraints. We conclude the article by outlining the framework's main insights for firms' innovation strategies for net zero and the policy implications. We also propose avenues for future research on net-zero innovation.
ISSN:1366-2716
1469-8390
DOI:10.1080/13662716.2023.2269112