Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

4 Scopus Citations
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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)189-193
Journal / PublicationInternational Journal of Hydrogen Energy
Volume60
Online published18 Feb 2024
Publication statusPublished - 22 Mar 2024
Externally publishedYes

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Abstract

The global resurgence of hydrogen as a clean energy source, particularly green hydrogen derived from renewable energy, is pivotal for achieving a carbon-neutral future. However, scalability poses a significant challenge. This research proposes innovative business models leveraging the low-emission property of green hydrogen to reduce its financial costs, thereby fostering its widespread adoption. Key components of the business workflow are elaborated, mathematical formulations of market parameters are derived, and case studies are presented to demonstrate the feasibility and efficiency of these models. Results demonstrate that the substantial costs associated with the current hydrogen industry can be effectively subsidized via the implementation of proposed business models. When the carbon emission price falls within the range of approximately 86–105 USD/ton, free access to hydrogen becomes a viable option for end-users. This highlights the significance and promising potential of the proposed business models within the green hydrogen credit framework. © 2024 The Authors

Research Area(s)

  • Business model, Carbon neutral, Green hydrogen, Hydrogen credit, Hydrogen economy

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