IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v83y2007i263p359-370.html
   My bibliography  Save this article

The Economics of Hydrogen Fuel Cell Buses

Author

Listed:
  • COLIN J. COCKROFT
  • ANTHONY D. OWEN

Abstract

This paper presents the results of a cost‐effectiveness analysis comparing diesel, compressed natural gas and hydrogen fuel cell buses in the Perth bus fleet based on a well‐to‐wheels cost analysis of each technology. Despite its significant environmental benefits in operation, the high initial cost of the prototype hydrogen fuel cell bus means that it cannot compete financially with the fossil fuel technologies. Therefore, the study was undertaken assuming that the buses, including fuel cells, are produced under conditions of economies of scale and that a fully developed fuel infrastructure for the provision of hydrogen exists.

Suggested Citation

  • Colin J. Cockroft & Anthony D. Owen, 2007. "The Economics of Hydrogen Fuel Cell Buses," The Economic Record, The Economic Society of Australia, vol. 83(263), pages 359-370, December.
    • Handle: RePEc:bla:ecorec:v:83:y:2007:i:263:p:359-370
    DOI: 10.1111/j.1475-4932.2007.00426.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.2007.00426.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.2007.00426.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David Pearce, 2003. "The Social Cost of Carbon and its Policy Implications," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(3), pages 362-384.
    2. Tol, Richard S. J., 2005. "The marginal damage costs of carbon dioxide emissions: an assessment of the uncertainties," Energy Policy, Elsevier, vol. 33(16), pages 2064-2074, November.
    3. Awerbuch, Shimon & Sauter, Raphael, 2006. "Exploiting the oil-GDP effect to support renewables deployment," Energy Policy, Elsevier, vol. 34(17), pages 2805-2819, November.
    4. Ogden, Joan M. & Williams, Robert H. & Larson, Eric D., 2004. "Societal lifecycle costs of cars with alternative fuels/engines," Energy Policy, Elsevier, vol. 32(1), pages 7-27, January.
    5. Brown, Stephen P. A. & Yucel, Mine K., 2002. "Energy prices and aggregate economic activity: an interpretative survey," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 193-208.
    6. Anthony D. Owen, 2004. "Environmental Externalities, Market Distortions and the Economics of Renewable Energy Technologies," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 127-158.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Feeney, Katie & Brass, Daniel & Kua, Dominic & Yamamoto, Atsushi & Tourneboeuf, Elisabeth & Adams, David, 2011. "Impact Of Electric Vehicles And Natural Gas Vehicles On The Energy Markets," MPRA Paper 58388, University Library of Munich, Germany.
    2. Guerrero Moreno, Nayibe & Cisneros Molina, Myriam & Gervasio, Dominic & Pérez Robles, Juan Francisco, 2015. "Approaches to polymer electrolyte membrane fuel cells (PEMFCs) and their cost," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 897-906.
    3. Ally, Jamie & Pryor, Trevor, 2016. "Life cycle costing of diesel, natural gas, hybrid and hydrogen fuel cell bus systems: An Australian case study," Energy Policy, Elsevier, vol. 94(C), pages 285-294.
    4. Delucchi, Mark A. & Jacobson, Mark Z., 2011. "Providing all global energy with wind, water, and solar power, Part II: Reliability, system and transmission costs, and policies," Energy Policy, Elsevier, vol. 39(3), pages 1170-1190, March.
    5. Li, Yanfei & Kimura, Shigeru, 2021. "Economic competitiveness and environmental implications of hydrogen energy and fuel cell electric vehicles in ASEAN countries: The current and future scenarios," Energy Policy, Elsevier, vol. 148(PB).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nordhaus, William, 2013. "Integrated Economic and Climate Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1069-1131, Elsevier.
    2. Kazushi Hatase & Shunsuke Managi, 2015. "Increase in carbon prices: analysis of energy-economy modeling," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(2), pages 241-262, April.
    3. Zhang, Hong & Jin, Gui & Zhang, Zhengyu, 2021. "Coupling system of carbon emission and social economy: A review," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    4. Espinosa, María Paz & Pizarro-Irizar, Cristina, 2018. "Is renewable energy a cost-effective mitigation resource? An application to the Spanish electricity market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 902-914.
    5. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    6. baptiste perrissin fabert & Etienne Espagne & Antonin Pottier & Franck Nadaus, 2012. "Disentangling the Stern/Nordhaus controversy. Why and how do beliefs and modelling choices matter?," EcoMod2012 4270, EcoMod.
    7. Havranek, Tomas & Irsova, Zuzana & Janda, Karel & Zilberman, David, 2015. "Selective reporting and the social cost of carbon," Energy Economics, Elsevier, vol. 51(C), pages 394-406.
    8. Etienne Espagne & Baptiste Perrissin Fabert & Antonin Pottier & Franck Nadaud & Patrice Dumas, 2012. "Disentangling the Stern/Nordhaus Controversy: Beyond the Discounting Clash," Working Papers 2012.61, Fondazione Eni Enrico Mattei.
    9. Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009. "Social discounting under uncertainty: A cross-country comparison," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 140-150, March.
    10. Rick Baker & Andrew Barker & Alan Johnston & Michael Kohlhaas, 2008. "The Stern Review: an assessment of its methodology," Staff Working Papers 0801, Productivity Commission, Government of Australia.
    11. Richard S. J. Tol & Seán Lyons, 2008. "Incorporating GHG Emission Costs in the Economic Appraisal of Projects Supported by State Development Agencies," Papers WP247, Economic and Social Research Institute (ESRI).
    12. Tol, Richard S. J., 2008. "The Social Cost of Carbon: Trends, Outliers and Catastrophes," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-22.
    13. Mandell, Svante, 2011. "Carbon emission values in cost benefit analyses," Transport Policy, Elsevier, vol. 18(6), pages 888-892, November.
    14. Escoffier, Margaux & Hache, Emmanuel & Mignon, Valérie & Paris, Anthony, 2021. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Energy Economics, Elsevier, vol. 97(C).
    15. Anthoff, David & Tol, Richard S.J., 2010. "On international equity weights and national decision making on climate change," Journal of Environmental Economics and Management, Elsevier, vol. 60(1), pages 14-20, July.
    16. Valérie Mignon & Margaux Escoffier & Emmanuel Hache & Anthony Paris, 2019. "Determinants of investments in solar photovoltaic: Do oil prices really matter?," EconomiX Working Papers 2019-28, University of Paris Nanterre, EconomiX.
    17. William D. Nordhaus, 2011. "Estimates of the Social Cost of Carbon: Background and Results from the RICE-2011 Model," Cowles Foundation Discussion Papers 1826, Cowles Foundation for Research in Economics, Yale University.
    18. Lehmann, Paul & Gawel, Erik, 2013. "Why should support schemes for renewable electricity complement the EU emissions trading scheme?," Energy Policy, Elsevier, vol. 52(C), pages 597-607.
    19. McCubbin, Donald & Sovacool, Benjamin K., 2013. "Quantifying the health and environmental benefits of wind power to natural gas," Energy Policy, Elsevier, vol. 53(C), pages 429-441.
    20. Mapemba, Lawrence D. & Epplin, Francis M. & Huhnke, Raymond L., 2006. "Environmental Consequences of Ethanol from Corn Grain, Ethanol from Lignocellulosic Biomass, and Conventional Gasoline," 2006 Annual meeting, July 23-26, Long Beach, CA 21034, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:83:y:2007:i:263:p:359-370. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.