Hydrogen in Passenger Transport: A Macroeconomic Analysis

Tim Mennel and Sabine Jokisch

No 07-065, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: Hydrogen is often seen as a promising future energy carrier given the major reliance of today?s transport sector on finite fossil fuels. This working paper assesses the macroeconomic effects of introducing hydrogen as fuel in passenger transport within the framework of the computable general equilibrium (CGE) model PACE-T(H2). Our simulation results suggest small improvements in the macroeconomic performance in almost all European countries from the introduction of hydrogen. The magnitude of economic effects however depends on the assumed learning curve of hydrogen cars and on the future development of hydrogen infrastructure costs. The results presented in this paper build on data and projections developed in the EU funded ?HyWays? project.

Date: 2007
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:6813

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