Description: The goal of this dissertation is to facilitate the assessment of impacts from sustainable measures and projects with an emphasis on impact reporting for Green, Social or Sustainability Bonds in the Sustainable Finance market. It does so by providing analysts with the means to develop, depict, formulate, and assess a causal hypothesis between an intervention and its subsequent effects in an impact-chain, represented by desired environmental (E), social (S) or governance (G) changes. This is achieved by developing a methodology for so-called ESG Logic Models or ESG-LM, that combine heuristic Theories-of-Change with propositional logic and Bayesian Reasoning. Three research questions are investigated and responded to. Research Question 1 asks how such Theories-of-Change can be developed for any type of ESG-related issue and how the different process steps in a causal chain can be classified, hierarchised, and prioritised regarding their efficacy towards overarching sustainability goals and their plausibility. Research Question 2 studies (a) the means by which the analyst or any other interested third party might be warranted in believing the causal claims from an ESG-LM, and (b) how an ESG-LM can be improved if this credence is low. Research Question 3 then looks at the reporting of impacts themselves regarding indicator selection, indicator assessment and indicator quantification as well as the provision of information on the contributions and attributions by different actors. The dissertation draws on a variety of theories and adapts existing methods to achieve that. It operationalises concepts from empirical Sustainable Finance research and already existing impact assessment methodologies. It adapts scholarly and practitioner approaches for theory-based evaluation and applies a qualitative social science perspective towards theory-building and evaluation, while some of the assessment tools in the dissertation are grounded in Logic, Set Theory and Bayesian Epistemology. Examples for such tools include rules for the Attribution by actors, heuristics for the abduction of plausible outcome pathways, or a four-stage Argument and Decision-Tree to assess the credibility of ESG-LM claims (based on Bayes Theorem). My assessment of the entire methodology is positive overall, as it provides solutions to each of the three research areas. Limitations of the approach, and thus opportunities for further research, are the additional expertise and time required by analysts compared to the existing, and somewhat more pragmatic, solutions in the current market. However, this is outweighed in my opinion by the ability of the framework to strongly mitigate impact washing by actors in the financial markets as well as biases by analysts. Its overall methodology also provides opportunities for new research angles in the area of sustainability indicators and assessments.

Description: Electricity generation requires water. With the global demand for electricity expected to increase significantly in the coming decades, the water demand in the power sector is also expected to rise. However, due to the ongoing global energy transition, the future structure of the power supply - and hence future water demand for power generation - is subject to high levels of uncertainty, because the volume of water required for electricity generation varies significantly depending on both the generation technology and the cooling system. This study shows the implications of ambitious decarbonization strategies for the direct water demand for electricity generation. To this end, water demand scenarios for the electricity sector are developed based on selected global energy scenario studies to systematically analyze the impact up to 2040. The results show that different decarbonization strategies for the electricity sector can lead to a huge variation in water needs. Reducing greenhouse gas emissions (GHG) does not necessarily lead to a reduction in water demand. These findings emphasize the need to take into account not only GHG emission reductions, but also such aspects as water requirements of future energy systems, both at the regional and global levels, in order to achieve a sustainable energy transition.

Description: The project "Plastic Credits - Financing the Transition to the Global Circular Economy" supports the implementation of a waste management structure in India's rural regions. By that it aims to improve the current waste collection and treatment structures in the pilot regions Goa, Maharashtra, and Kerala. Herein, the project focuses on low value plastics (LVP), and especially multi-layer plastics (MLP), that have no market value. In order to analyze the environmental impacts of the project, an Environmental Impact Assessment (EIA) was conducted. The considered environmental components comprise: greenhouse gas emissions, usage of primary resources, impacts on marine and terrestrial wildlife, standard of living, and economic costs.

Description: The steel industry is responsible for eight per cent of global CO2 emissions. As more than seven out of ten of today's coal-fired blast furnaces are due to be refurbished or replaced in the 2020s, there is a key window of opportunity to shift to low-emission production methods before the end of this decade. The analysis by Agora Industry, Wuppertal Institute and Lund University assesses eight potential breakthrough technologies in terms of their market readiness, cost and impact on emissions. The methods analysed include the use of hydrogen to produce direct reduced iron, scrap-based electric arc furnaces, electrolysis and the implementation of carbon capture in existing coal-fired facilities. While some of these technologies can already be deployed today to kick-start the market for green steel, others will take more time to reach technological maturity, but show promise in the long-term. A third group may never turn into adequate solutions for decarbonising the steel sector. In their analysis, the scientists conclude that scrap and hydrogen-based methods hold the biggest promise for companies aiming to make the switch this decade. By contrast, retrofitting existing coal-based facilities with carbon capture and storage (CCS) technology entails the biggest economic and environmental risk, the authors find. Regardless of the technologies chosen, appropriate regulatory frameworks, international cooperation, and targeted incentives are necessary to boost demand for green steel and promote its production. At the same time, such measures can help steer manufacturers away from costly technological dependencies.

Description: The earth's capacity to absorb greenhouse gases is ultimately a critical limiting factor in the handling of metals. The fact that the demand for metals far exceeds their secondary production is extremely problematic at this point. Nevertheless, metals are crucial for climate protection and energy system transformation. Examples are the rare earth metal neodymium used in high-performance permanent magnets in wind turbines, the alkali metal lithium as the most important component in batteries, or the metal tellurium used in thin-film solar cells to generate solar power. It is therefore essential to promote the aspects of resource efficiency and to strengthen the critical role of metals in national and European policy programs. Next to a global solution, a European solo effort with predominantly market-based instruments and the effects of committed behaviour by civil society in the European Union (EU), show that the EU can make a considerable contribution to sustainable development on its own. Thus, a comprehensive approach is needed for sustainable metal management in the sense of a circular economy on the European level fostering sustainable production and consumption pathways. But, this need and the special role of metals are not seen in the current debate about resources in society and politics. Due to the fact that in public perception, metallic raw materials are often discussed as less urgent than energy or polymer raw materials, this article aims to highlight the critical role of metals. Further, the objective of this contribution is to show which prerequisites exist for the development and establishment of a holistic metal management and where political strategies have to start. Challenges needed to be overcome to achieve such a holistic metal strategy and management are highlighted. In particular, the role of the metal industry, circular product design and labelling and corresponding indicator systems is examined. In addition, the special role of digitalisation is being worked out. Finally, conclusions are drawn and shown which aspects have to be considered for a holistic metal strategy and management.

Description: Energy performance contracting (EPC) as a market instrument has been effective in promoting energy efficiency worldwide, but it has encountered many insurmountable obstacles in rural energy management. In this study, based on the characteristics of energy management in rural areas, three EPC modes are designed and tested in 24,000 rural households. The test results show that two adapted EPC modes of local government involvement and energy payment directly from the national grid can effectively overcome the barriers encountered in the traditional EPC modes and work well under the economic and social environmental conditions in rural areas. The key to the adaptation of the traditional EPC modes is the introduction of the local government as the third party. Participation of the third party can effectively reduce and remove the barriers and risks and increase the mutual trust between the clients (households) and the energy service companies (ESCOs). Based on the testing results, this study suggests that governmental departments should formulate relevant EPC policies and technical guidelines within the rural context. This research recommends that farmers should not manage their energy services by themselves and it is suggested to out-contracting ESCOs by applying the modes developed and tested by this paper.

Description: Nowadays, high expectations are set for a digitally enabled circular economy (CE), to enhance resource efficiency. Tracing, tracking, and storing information is most important for this. In this paper, the application of Internet of Things (IoT) and Distributed Ledger Technology (Blockchain) are hence discussed by presenting the case of professional Electrical and Electronic Equipment (EEE) in Italy. Within the context of CE, prevention of electronic waste (WEEE) is extremely relevant as it is a fast-growing waste stream, and the products contain environmentally damaging substances as well as valuable and rare materials. The use of a proper combination of IoT and blockchain can help the producers to keep control on products until EEE end-of-life, while promoting CE strategies and supporting decision-making. Based on the outcomes of five interviews conducted in 2019 to companies of the EEE sector, potential improvements in the EEE end-of-use management are discussed. After providing the definition of requirements for both the technical solution and its testing are provided, three solution variations and the related business models are created and presented, as well as considerations on their environmental and economic impacts. The study shows how digital technologies can support the appropriate and circular management of EEE products and WEEE.

Description: In this paper, we aim to present a comprehensive analysis on the emerging phenomenon of distributed innovation in commons-based peer production (CBPP) platforms. Starting with the exploration of the widely held belief on value-creation confined to industrial settings, we raise several questions regarding the feasibility of, and a need for, an inclusive innovation process that can tap grassroots capacity into both traditional (industrial research and development) and emerging (peer-to-peer) innovation models to yield sustainable solutions. In particular, we explore the emergence and structuration of digital innovations in the maker movement, as it presents an alternative construct of innovation wherein access to and sharing of knowledge is predominantly distributed. With innovation outcomes often freely revealed, its very structuration could pose a principal challenge to our conceptualizations of value creation and competitive advantage in the current economic model. Drawing from responses received from 200 collaborative innovation platforms, six semi‐structured interviews focusing on socio-technical innovation cases, as well as four in-depth narrative interviews with maker turned entrepreneurs, we present a detailed analysis on the topology of network, typology of actors, as well as the underlying innovation ecosystem in CBPP networks in Germany. In doing so, we contribute to the conceptualization of peer-to-peer distributed innovations in collaborative platforms.

Description: Every diet has an impact on an individual’s health status, the environment, as well as on social concerns. A growing number of meals are consumed in the out-of-home catering sector, in which a systematic sustainability assessment is not part of common practice. In order to close this gap, an instrument was developed as part of the NAHGAST project. After more than one year of using the NAHGAST online tool, it needs to be assessed what positive environmental influences can be realized by using the tool. For this reason, this article deals with the question of whether an online tool can enable stakeholders from the out-of-home consumption sector to revise their meals with regard to aspects of a sustainable diet. In addition, it will be answered how precise recipe revisions of the most popular lunchtime meals influence the material footprint as well as the carbon footprint. In conclusion, an online tool can illustrate individual sustainability paths for stakeholders in the out-of-home consumption sector and enables an independent recipe revision for already existing meals. The results show that even slight changes in recipes could lead to savings of up to a third in carbon footprint as well as in material footprint. In relation to the out-of-home consumption sector, this results in the potential for substantial multiplication effects that will pave the way for the dissemination of sustainable nutrition.

Description: Although small and medium-sized enterprises (SMEs) contribute considerably to Germany's carbon emissions, regional savings and cooperative banks - SMEs' most important financiers - hardly consider this aspect in lending to these businesses. However, given Germany's commitment to climate neutrality by 2045, suitable approaches for injecting climate finance into these SME lending processes are greatly required. Against this background, the paper at hand aims to introduce the specific case of regional banks into the debate on green finance and green banking and suggest future research in this context. In discussing the state of research on the peculiarities of regional savings and cooperative banks, we outline the resulting opportunities and limitations for climate impact assessments in SME lending. We argue that while the dual bottom-line orientation of regional banks in Germany precludes them from applying simple positive or negative screenings, their in-depth knowledge about local clients and circumstances enables them to be active and engaging partners for the green transformation of SMEs. Nonetheless, we explain why developing solutions to utilise this knowledge for climate finance by integrating climate impact assessments into routine lending processes remains a particularly challenging task.