Evaluating the Necessity of Production and Competing Ability of a New Energy: Approaches to Expansion of Hydrogen Fuel

Amir Vatandoust () and Mahsa Razavi ()
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Amir Vatandoust: M.A. Student in Energy Economy Ferdowsi University, Mashhad; Iran
Mahsa Razavi: M.A. Student in Energy Economy Ferdowsi University, Mashhad; Iran

International Journal of Resistive Economics, 2014, vol. 2, issue 1, 19-37

Abstract: Stable economy leads to increasing the economical productions, participation of more people in development and lack of probable limitations of production resources in short term and pollutants in long term. Stable development considers the energy as the main factor in economic, producing and service activities, which is needed in developing processes and expansion of producing systems in order to achieve a higher yield along with lower pollution and price. Over a period of time, economic and environmental restrictions have led to producing the energy via various resources and newly-made energies have generally been considered as available alternatives for previous fuels with different rates. In spite of all globally changed approaches and made attempts to decrease the usage of fossil fuels, transportation is still the main concern of green theorists. Three goals are focused in this paper, i.e. “hydrogen fuel burning features”, “hydrogen natural features” and “price of the new fuel”, and the necessity of expanding this energy is studied according to accomplished studies in this field. Findings show that producing, storing and transferring costs of hydrogen in a nutshell “the price of hydrogen” has decreased due to increasing demand and mass production of the fuel, and this gives a chance to hydrogen to compete with current fuels, and world energy system consequently the world economy would experience a stable situation.

Keywords: pollution of the environment; hydrogen efficiency; economic limitations. (search for similar items in EconPapers)
Date: 2014
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