Brazil’s New Green Hydrogen Industry: An Assessment of Its Macroeconomic Viability Through an Input–Output Approach

Patricia Helena dos Santos Martins (), André Luiz Marques Serrano, Gabriel Arquelau Pimenta Rodrigues, Guilherme Fay Vergara, Gabriela Mayumi Saiki, Raquel Valadares Borges, Guilherme Dantas Bispo, Maria Gabriela Mendonça Peixoto and Vinícius Pereira Gonçalves ()
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Patricia Helena dos Santos Martins: Department of Economics, University of Brasília, Federal District, Brasília 70910-900, Brazil
André Luiz Marques Serrano: Department of Electrical Engineering, University of Brasília, Federal District, Brasília 70910-900, Brazil
Gabriel Arquelau Pimenta Rodrigues: Department of Electrical Engineering, University of Brasília, Federal District, Brasília 70910-900, Brazil
Guilherme Fay Vergara: Department of Electrical Engineering, University of Brasília, Federal District, Brasília 70910-900, Brazil
Gabriela Mayumi Saiki: Department of Electrical Engineering, University of Brasília, Federal District, Brasília 70910-900, Brazil
Raquel Valadares Borges: Department of Statistics, University of Brasília, Federal District, Brasília 70910-900, Brazil
Guilherme Dantas Bispo: Department of Economics, University of Brasília, Federal District, Brasília 70910-900, Brazil
Maria Gabriela Mendonça Peixoto: Department of Electrical Engineering, University of Brasília, Federal District, Brasília 70910-900, Brazil
Vinícius Pereira Gonçalves: Department of Electrical Engineering, University of Brasília, Federal District, Brasília 70910-900, Brazil

Economies, 2024, vol. 12, issue 12, 1-20

Abstract: This manuscript explores the role of green hydrogen produced through ethanol reforming in accelerating Brazil’s transition to a low-carbon economic framework. Despite ongoing efforts to lessen carbon dependence, Brazil’s reliance on biofuels and other renewable energy sources remains inadequate for fully achieving its decarbonization objectives. Green hydrogen presents a vital opportunity to boost energy sustainability, especially in sectors that are challenging to decarbonize, such as industry and transportation. By analyzing Brazil’s input–output (I-O) table, using data from the Brazilian Institute of Geography and Statistics (IBGE), this study evaluates the macroeconomic potential of green hydrogen, focusing on GDP growth and employment generation. Furthermore, the research explores green hydrogen systems’ economic feasibility and potential impact on future energy policies, offering valuable insights for stakeholders and decision-makers. In addition, this investigation highlights Brazil’s abundant renewable resources and identifies the infrastructural investments necessary to support a green hydrogen economy. The findings aim to strengthen Brazil’s national decarbonization strategy and serve as a model for other developing nations transitioning to clean energy.

Keywords: green hydrogen; input–output analysis; RAS; industrial sectors (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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