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dc.contributor.authorAguilera, Roberto F.
dc.contributor.authorInchauspe, Julian
dc.date.accessioned2021-10-14T07:58:45Z
dc.date.available2021-10-14T07:58:45Z
dc.date.issued2021
dc.identifier.citationAguilera, R.F. and Inchauspe, J. 2021. An Overview of Hydrogen Prospects: Economic, Technical and Policy Considerations. Australian Journal of Agricultural and Resource Economics.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/85988
dc.identifier.doi10.1111/1467-8489.12458
dc.description.abstract

Hydrogen is expected to play a role in the future low-carbon economy as an energy carrier, but its market penetration remains to be seen. Much of the existing literature generally focusses on comparison of marginal production costs and prices to make rather optimistic projections. This study argues that such analysis is myopic as important barriers are ignored. Following a Porter’s five-force approach, we methodologically identify the economic market forces that shape the development of hydrogen markets, and discuss key obstacles in the supply chain. Using evidence of available hydrogen technologies and costs, the distribution network is identified as a major fixed-investment barrier to market entry, but it is argued that much of it could be overcome if natural gas infrastructure and technology is shared with the hydrogen sector. Natural gas, in turn, is projected to function as a transition fuel under current carbon emissions targets. This study finds that policy costs needed to promote hydrogen to achieve environmental goals can be substantially reduced if government and private investment decisions strategically focus on synergies with natural gas. The possible formulation of such policies is discussed at a lower level using Australia’s hydrogen industry as a case study.

dc.publisherAustralian Agricultural Economics Society
dc.titleAn Overview of Hydrogen Prospects: Economic, Technical and Policy Considerations
dc.typeJournal Article
dcterms.source.issn1364-985X
dcterms.source.titleAustralian Journal of Agricultural and Resource Economics
dc.date.updated2021-10-14T07:58:44Z
curtin.note

This is the peer reviewed version of the following article: Aguilera, R.F. and Inchauspe, J. (2022), An overview of hydrogen prospects: Economic, technical and policy considerations. Aust J Agric Resour Econ, 66: 164-186, which has been published in final form at https://doi.org/10.1111/1467-8489.12458. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.

curtin.departmentCurtin University Oil and Gas Innovation Centre
curtin.departmentSchool of Accounting, Economics and Finance
curtin.accessStatusOpen access
curtin.facultyFaculty of Science and Engineering
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidInchauspe, Julian [0000-0002-2300-2223]
curtin.contributor.orcidAguilera, Roberto F. [0000-0002-8182-628X]
curtin.contributor.scopusauthoridInchauspe, Julian [55131349700]


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