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Abstract With drastic fossil fuel depletion and environmental deterioration concerns, a move towards a more sustainable bioenergy-based economy is essential. Lately, the application of microwave (MW) irradiation for waste processing has been attracting interest globally. MW-assisted heating possesses several advantages such as the provision of high microwave energy into dielectric materials with deeper penetration for internal heat generation, showing beneficial features in improving the heating rate and reducing the reaction time. Consequently, the most recent literature regarding the applications of MW-assisted heating for biomass pretreatment as well as biofuel and bioenergy production was reviewed and consolidated in this study. An impressive increase in the product yield and improvement of the product properties are reported, with the use of MW-assisted heating in several conversion routes to produce biofuels. Despite being a promising technology for biofuel production, some major fundamental data of MW-assisted heating have not been comprehensively identified. Therefore, the feasibility of this technology for large-scale implementation is still subpar. Understanding the interaction between the feedstock and the microwave electromagnetic field, and the optimization of several operational and mechanical parameters are the two main keystones that would propel the industrialization of MW heating in the near future. This provides key insights leading to increased feasibility and more advanced application of MW heating.

Achievement of sustainable development in light of ongoing climate change and biodiversity pressures benefits from the deployment of innovations that foster engagement and uptake across all levels, mobilises finance flows commencement to the scale of the challenge, and enables the dissemination of transition solutions that support the low carbon economy. This research investigates the relationship between the legal architecture of market mechanisms under international law and the role of private actors, and how this contributes to sustainable development. Through an exploration of how market mechanisms under the climate change and biodiversity regimes have achieved environmentally sound outcomes, been advanced in sectoral approaches, and facilitated via bilateral and multilateral trade and investment relationships, important insights are identified regarding the composition of effective law and governance architectural approaches. Leveraging experiences derived from treaty practice viewed through an interactional account of international law, this assessment elucidates the important role played by alignment of legal regimes, robust transparency measures, and complementary schemes such as stakeholder-endorsed certifications in buttressing the established measures to ensure sustainable development outcomes and contributes to understanding the role of private actors in the operationalisation of environmental agreements. Research findings suggest it is the interaction of norms across the international legal architecture, informed by relationships within and across relevant treaty systems and the general corpus of international law, and actualised through engagement with private actors as a component of market mechanisms that provides the opportunity for congruence of practice, forging of shared understandings, and normative internalisation and ownership among communities of practice that stimulates both innovative solutions and ambitious action.

To meet the increasing demand for sustainable products, one can look to nature to scout new functional materials. For instance, the most brilliant and striking colours in plants are obtained using cellulose nanofibrils organised in helicoidal architectures. Interestingly, similar helicoidal architectures with analogous optical response can be obtained in vitro by self-assembly of cellulose nanocrystals (CNCs). CNCs are rod-like colloids capable of arranging into a liquid crystalline phase above a critical concentration in suspension. So far, the process that governs the self-assembly of CNCs into photonic structures was studied only at small scale. This neglects the limitations and challenges posed by large-scale and continuous processes which are prevalent in industrial contexts. In this thesis, I demonstrate how the self-assembly of CNCs can be precisely controlled to produce meters-long films using a roll-to-roll (R2R) equipment. Starting with commercially available material, the preparation of CNC suspension was optimised for R2R deposition to produce films with vibrant photonic colour across the visible range. Particularly, I discuss how the suspension properties, the casting parameters and drying time relate to the optical properties of the produced films. To validate the use of such materials for pigment preparation, I develop a protocol to produce a series of coloured microparticles from R2R-cast CNC films. The optical properties of the CNC microparticles were then assessed in various environment and finally benchmarked against other commercial effect pigments and glitters.

In recent decades, many societal changes have unfolded, including population ageing, reconfigurations of household structures, labour market transformation, and a secular deceleration of economic growth. These shifts pose considerable challenges to preexisting welfare states, particularly to the efficacy of countries’ pension systems. This dissertation examines the context and trajectory of pension reforms in Mexico, the United Kingdom, and the United States. Its contribution is to ascertain the viability and political feasibility of reforms that enhance the financial sustainability of their pension systems, while maintaining adequate income and coverage levels. The dissertation builds on political economy approaches and on the institutionalist literature, which highlight how the role of interest groups and structure of institutions and political systems shape policy outcomes. The frameworks of blame avoidance and credit-claiming are also considered, to provide a comprehensive analysis of the complex dynamics surrounding pension systems and reform efforts. This dissertation uses a mixed-methods approach – including public opinion surveys of 3,000+ individuals, semi-structured elite interviews, historical document analyses, and specialized fiscal and actuarial projections of selected pension reforms in the three selected countries. It addresses three core research questions: 1) What is the current context for pension reform in Mexico, the United Kingdom, and the United States given their histories? 2) Is the necessary (for achieving specific minimum levels of sustainability, adequacy, and coverage) pension reform politically feasible? 3) How do the characteristics of each reform affect its political feasibility? Corollary: The modification of which channel (benefits, contributions, retirement age) is perceived as more politically feasible for diverse stakeholders? The methodology chosen provides a timely picture of the context surrounding potential pension reforms in the three case studies. In Mexico, credit-claiming and the interests of private stakeholders explain the success of recent pension reforms, and partisan politics are the key determinants for future fiscal changes. For the United Kingdom, the institutionalist literature helps explain the reasons for the relatively easier reform avenues; the most politically feasible reforms are those in the private sector, while the housing market is of key importance for pensions. In the United States, the institutionalist literature and the framework of blame avoidance also help explain the current legislative gridlock and the reasons why no major reform has been enacted for decades. For Mexico and the United Kingdom there exist politically feasible reforms, notably a modification of the retirement age channel, that can increase the system’s sustainability while maintaining income adequacy and coverage; whereas based on the current context of extreme polarisation and legislative gridlock, there do not seem to exist politically feasible pension reforms that preserve the structure of Social Security in the United States. The dissertation brings the lens of political feasibility to bear on a previously technical literature on the structure of the pension systems in the three countries, and thus on the feasibility of reform to deliver financial sustainability, adequacy of retirement incomes, and adequate coverage of the old age population. It identifies the feasible routes for reform in Mexico and the United Kingdom, but concludes that the political economy context the United States has reached rules out feasible reforms of its current pension structures.

Ammonia has been responsible for feeding population growth in the 20th century through synthetic fertilizer, and is poised to become the preferred energy storage medium for a society powered by renewable electricity in the 21st century. However, conventional brown ammonia production through the Haber-Bosch process is optimized for utilization of centralized and steady energy supply from fossil-fuels. When shifting to distributed and intermittent energy supply through wind and solar energy, a re-optimization is required for a low-capital and flexible green ammonia production processes. This thesis re-designs and Haber-Bosch process by targeting the integration of reaction and separation in a single process vessel at low pressures, thereby achieving the simplification and down-scaling of the high pressure recycle loop of the Haber-Bosch process. Materials are developed for this purpose, the feasibility of integration is demonstrated, and mathematical modeling is utilized for assessing the application of the single-vessel process to a range of renewable energy sources in comparison to competing ammonia production processes. Herein, a catalyst with low-temperature (< 350°C) and high-conversion (i.e. near equilibrium) activity is developed using ruthenium nanoparticles as the active metal supported on ceria and promoted with cesium to mitigate hydrogen and ammonia inhibition, respectively. This catalyst is compared to commercial iron-based catalyst from the perspective of the final application. Concurrently, a high-temperature (> 300°C) manganese chloride absorbent is developed that resists decomposition and is stable when supported on silica. These catalyst and absorbent are integrated in a layered reactor configuration to demonstrate the feasibility of the integrated process by exceeding single-pass reaction equilibrium. Mathematical modelling of ammonia production processes illustrates that at small-scales (< 1 t day-1) the single-vessel process is optimal compared to the Haber-Bosch process due to its modular design. In addition, it can achieve simpler ramping because the Haber-Bosch process is constrained by heat-integration in the recycle loop and the potential for runaway reaction. For final application, the pairing of ammonia production processes with examples of intermittent solar and wind sources demonstrates that the flexibility of the production process is essential when considering non-ideal sources of energy with a long-term (e.g. seasonal) oscillations. Flexible ammonia production also expands the economic usage of ammonia as an energy storage vector from the seasonal to the weekly time-scale, with advantage compared to batteries or hydrogen. The work of this thesis provides a framework for advancing the electrification of the chemical industry given the novel constrains of intermittent and distributed renewable energy. A systems level approach is applied from the ground up, starting from material design and progressing to optimized process design and application.

The aggravating global problems of energy crisis, rising atmospheric greenhouse gas concentrations and accumulation of persistent waste have attracted the attention of scientists, policy-makers and global organisations to come up with effective and expeditious solutions to address these challenges. In this context, the development of sustainable technologies driven by renewable energy sources for the production of clean fuels and commodity chemicals from diverse waste feedstocks is an appealing approach towards creating a circular economy. Over the years, semiconductor photocatalysts based on TiO₂, CdS, carbon-nitrides (CNx) and carbon dots (CDs) have been widely used for the photocatalytic reforming (PC reforming) of pre-treated waste substrates to organic products, accompanied with clean hydrogen (H₂) generation. However, these conventional solar-driven processes suffer from major drawbacks such as low production rates, poor product selectivity, CO₂ release, challenging process and catalyst optimisation, and harsh waste pre-treatment conditions, which limit their commercial applicability. These challenges are tackled in this thesis with the introduction of new and efficient photoelectrochemical (PEC) and chemoenzymatic processes for reforming a diverse range of waste feedstocks to sustainable fuels. Solar-driven PEC reforming based on halide perovskite light-absorber is first developed as an attractive alternative to PC reforming. The PEC systems consist of a perovskite|Pt photocathode for clean H₂ production and a Cu-Pd alloy anode for reforming diverse waste streams, including pre-treated cellulosic biomass, polyethylene terephthalate (PET) plastics, and industrial by-product glycerol into industrially-relevant, value-added chemicals (gluconic acid, glycolic acid and glyceric acid) without any externally applied bias or voltage. Additionally, the single light-absorber PEC systems can also convert the airborne waste stream and greenhouse gas CO₂ to diverse products with the simultaneous reforming of PET plastics with no applied voltage. The perovskite-based photocathode enables the integration of different CO₂ reduction catalysts such as a molecular cobalt porphyrin, a Cu-In alloy and formate dehydrogenase enzyme, which produce CO, syngas and formate, respectively. The versatile PEC systems, which can be assembled in either a ‘two-compartment’ or standalone ‘artificial leaf’ configurations achieve 60‒90% oxidation product selectivity (with no over-oxidation) and >100 µmol cm‾² h‾¹ product formation rates, corresponding to 10²‒10⁴ times higher activity than conventional PC reforming systems. In addition to developing PEC platforms, this thesis also explores avenues for circumventing the harsh alkaline pre-treatment strategies (pH >13, 60‒80 ºC) adopted for photoreforming waste substrates. For this purpose, a chemoenzymatic pathway is introduced whereby PET and polycaprolactone plastics were deconstructed using functional enzymes under benign conditions (pH 6‒8, 37‒65 ºC), followed by PC reforming using Pt loaded TiO₂ (TiO₂|Pt) or Ni₂P loaded carbon-nitride (CNx|Ni₂P) photocatalysts. The chemoenzymatic reforming process demonstrates versatility in upcycling polyester films and nanoplastics for H₂ production at high yields reaching ∼10³‒10⁴ µmol gsub‾¹ and activities at >500 µmol gcat‾¹ h‾¹. The utilisation of enzyme pre-treated plastics also allowed the coupling of plastic reforming with photocatalytic CO₂-to-syngas conversion using a phosphonated cobalt bis(terpyridine) co-catalyst immobilised on TiO₂ (TiO₂|CotpyP). Finally, moving beyond solar-driven systems, a bio-electrocatalytic flow process is demonstrated for the conversion of microbe pre-treated food waste to ethylene (an important feedstock in the chemical industry) on graphitic carbon electrodes via succinic acid as the central intermediate. In conclusion, with its focus on improving efficiencies, achieving selective product formation, building versatile platforms, diversifying substrate and product scope, and reducing carbon footprint and economic strain, this thesis aims to bring sustainable waste-to-fuel technologies a step closer to commercial implementation.

We use extreme regional pollution emergencies to provide new evidence regarding the motivations for corporate social responsibility (CSR). We document that local firms strategically improve CSR to build trust following pollution emergencies, and this is specifically true for highly polluting firms. Firms face different intensities of external pressure from their stakeholders. In particular, following pollution emergencies, political dependency, institutional investors and public monitoring are the main sources of stakeholder pressure and drivers of the increased CSR. We further find that firms that gain trust through CSR activities after pollution emergencies are rewarded. CSR serves as a buffer against financial constraints, financing distress and the negative profitability effect following emergencies. This study contributes to the CSR literature on trust-building-motivated CSR strategies.

The construction industry in Europe is in transition. In the last decade, challenges related to inefficiencies in the sector, the shortage of skilled labour, and environmental concerns initiated a shift towards off-site manufacturing. In Hungary, the first examples of prefabricated residential buildings have just appeared after a 30-year-long break. At the same time, in post-socialist countries, the general attitude towards modern methods of construction is rather complex. While the Western examples of modular constructions are admired, local examples of prefabricated and standardised homes from the socialist era are neglected or criticised for their uniformity and inability to change. This thesis examines the social limits of standardisation in the Hungarian context, specifically focusing on how we can ensure that in the future, mass-manufactured buildings will be sustainable and retain their social respectability, technical qualities and economic value for a long time. It is found that standardisation does not necessarily limit creativity and can be socially sustainable, provided that it does not result in uniform constructions. Findings rely on an extensive review of the literature and real-life architectural examples, statistical results from two online surveys on preconceptions about mass-manufactured buildings, and space syntactical investigations of preferred home layouts. The findings of the project include showing that young Hungarian adults associate mass produced buildings with the loss of diversity, but they find these buildings environmentally friendly, fast to produce, progressive and fashionable. In addition, it is shown that it is possible to use small graph matching and density-based clustering to find the most suitable layouts for socially-conscious mass manufacturing. The practical outcomes of this project include an exemplar dwelling that showcases good design, a framework for discussing standardised buildings, and a Plug-in that can evaluate any new apartments created in Autodesk Revit based on the developed guidelines.

The prevailing rhetoric associated with hedge fund activism is almost universally negative. This thesis provides new evidence of activist hedge fund behavior that contradicts this dominant narrative. The principal idea underpinning the thesis is that the conventional picture of hedge fund activism requires updating to account for two key recent phenomena: activist board representation and environmental, social, and governance (“ESG”) activism. The thesis makes at least four important contributions to academic and policy debates on hedge fund activism. First, through analyzing original hand-collected data on activist hedge fund campaigns, it demonstrates that a relatively new form of activism – activist board representation – tends to involve a longer-term approach to value creation through strategic and operational changes, rather than the short term financial engineering that activist hedge funds are commonly criticized for engaging in. Second, it builds upon the study of activist board representation campaigns to argue that activist hedge funds may be well positioned to play a unique role in ESG activism by nominating specialist climate directors to corporate boards. Third, it outlines how the phenomenon of activist board representation exposes the deficiencies of the independent monitoring board and provides suggestions for potential corporate governance improvements. Finally, it theorizes the incentives behind ESG hedge fund activism, thus providing early insights into this rapidly evolving practice. The thesis is structured as follows: Part I (Chapters 1 and 2) situates hedge fund activism and the role of the board in traditional and contemporary corporate governance debates. Chapter 1 examines the intellectual foundations underpinning the monitoring board as a response to the shareholder-manager agency problem and challenges its continued dominance in light of pressing societal challenges facing corporations. Chapter 2 critiques the narrative of short-termism that is prevalent in politics, the media, and corporate practice, which can obscure learning from the campaigns of activist hedge funds. Part II (Chapters 3 and 4) examines activist hedge fund board representation campaigns. Chapter 3 introduces this new form of hedge fund activism and presents a theory and hypotheses on the potential value associated with this type of activism. Chapter 4 tests the hypotheses presented in the preceding chapter through an empirical study analyzing activist board representation campaigns at S&P 500 companies since 2010. Part III (Chapters 5 to 7) explores ESG activism. Chapter 5 develops a new account of sustainable capitalism using the building blocks of agency theory. It highlights the major shift to passive index investing and ESG investing and analyzes the monitoring shortfall on the part of global asset managers. Chapter 6 discusses ESG hedge fund activism and – building on the theory and the empirical study presented in Part II – proposes that activist hedge funds can play a unique role in a sustainable capitalism framework by nominating specialist directors with climate or energy transition expertise to corporate boards. Chapter 7 considers socially responsible activism and presents a theoretical framework of ESG hedge fund activism.