This research analyses the drivers and barriers to the global adoption of green methanol as a marine fuel, which is a fuel that offers a vital decarbonization solution to the maritime industry. The research builds on the Global Innovation Systems (GIS) theory since this theoretical framework showcases the essential activities needed for an innovation system to get to a more footloose adoption state.
Innovation systems thrive through stakeholders' pursuit of impactful events. To understand the prominent activities that occurred in the green methanol industry, an event history analysis was conducted. A global news analysis examined the temporal frequency of events and their correlation with the GIS resources. And in addition, semi-structured interviews with ten experts in the field enriched the understanding of the dynamics in the industry, leading to a robust dataset for a coherent narrative.
The study presents a narrative that spans over five distinctive periods, illustrating the shifts in GIS maturation pathways and development barriers over time. The green methanol industry undergoes a transformative journey from a spatially sticky racing fuel in the United States to an innovative, globally recognized maritime fuel used to decarbonize the industry.
By focusing on the flaws in the innovation system, the research formulates a range of policy recommendations that are essential for the green fuel to become more widely mature. These recommendations hold the potential to upscale the adoption of the innovation and thereby mitigate emissions.
While the research successfully achieved its objectives, it also highlights several areas for future investigation. Emphasizing that the parameters encompassed by the GIS theory do not fully capture the feedback loops of an innovation system. Additionally, it underscores the importance of thoughtfully selecting the event history analysis methodology, as outcomes may not always align with desired objectives. Moreover, the study suggests that future GIS studies can benefit from deconstructing the value chain of complex innovations, enabling a more comprehensive understanding of the different components influencing maturity within the system.
In conclusion, this research makes substantial contributions by its unparalleled scope, valuable policy recommendations, and insights into the flaws and prospective directions of GIS studies, firmly establishing its academic and social significance. Ultimately providing a solid foundation for policymakers and industry stakeholders in the green methanol sector to enhance their industry practices and facilitate further development of the fuel.||