Decarbonisation of Global Economies; Is Net Zero Emission Achievable? The Case for Hydrogen and Fuel Cell Technology for Innovative Futures

Hassan Naeem Khokhar

Journal of Entrepreneurship and Innovation in Emerging Economies, 2023, vol. 9, issue 1, 92-130

Abstract: The Net Zero Emission goal by 2050 as per the Paris Agreement limits the global temperature rise to 1.5°C which requires the decarbonisation of the energy sectors. This article evaluates one of the key technologies, the fuel cells that can abate the global emissions of the highest emitting sectors, the transport and power industry. The article compares the fuel cells to incumbent technologies in terms of cost competitiveness, maturity, infrastructure availability, economic barriers in deployment at scale and the public policies for decarbonisation. The global energy demand is expected to increase almost 50% by 2050. If the emissions remain unabated the levels are expected to be doubled when compared to preindustrial levels, and a 35% increase to present emission levels which would result in an increase in global temp of 4.5°C–5.7°C.

Keywords: Decarbonisation; fuel cell technology; global economy; innovative future; transport industry; power industry (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/23939575221141578 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:jouent:v:9:y:2023:i:1:p:92-130

DOI: 10.1177/23939575221141578

Access Statistics for this article

More articles in Journal of Entrepreneurship and Innovation in Emerging Economies from Entrepreneurship Development Institute of India
Bibliographic data for series maintained by SAGE Publications ().