Germany’s Current Trends and Prospects for Hydrogen Energy Development

Natalya Yuryevna Rodygina, Vladislav Igorevich Musikhin and Andrey Viktorovich Sotnikov
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Natalya Yuryevna Rodygina: Russian Foreign Trade Academy, Moscow, Russia
Vladislav Igorevich Musikhin: Russian Foreign Trade Academy, Moscow, Russia
Andrey Viktorovich Sotnikov: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2023, issue 11, 73-87

Abstract: The purpose of this study is to assess the prospects for the implementation of the hydrogen energy concept taking into account such factors as expected demand, availability of fossil fuels and their price determinants, consumer demand, and implementation of the concept of global decarbonization in order to fulfill the sustainable development concept using Germany as an example. With rising demand for hydrogen, which is seen as an industrial alternative for decarbonizing the energy sector and lowering greenhouse gas emissions, an urgent question about the need to replace hydrogen produced using traditional energy resources with completely environmentally friendly hydrogen arises. It is important to note that the production of green hydrogen is now more expensive than alternative energy sources, and its competitiveness depends on changes in the cost of CO2 emissions and the output of electrolytic plants. The coming decade will provide an opportunity to assess the extent to which the global expansion of the green hydrogen industry will impact the energy sector.

Keywords: green energy; hydrogen energy; decarbonization; sustainable development (search for similar items in EconPapers)
JEL-codes: Q42 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2023_11_73-87

DOI: 10.24412/2072-8042-2023-11-73-87

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