Green hydrogen credit subsidized renewable energy-hydrogen business models for achieving the carbon neutral future
Journal Publication ResearchOnline@JCUAbstract
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.
Journal
International Journal of Hydrogen Energy
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Volume
60
ISBN/ISSN
1879-3487
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Pages Count
5
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Publisher
Elsevier
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EISSN
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DOI
10.1016/j.ijhydene.2024.02.152