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Prospects for Energy Transition to Hydrogen Fuel: Analysis of World Experience and Russian Practice

Author

Listed:
  • Andrey Berezin

    (Department of Economic and Mathematic Modeling, RUDN University, Russia,)

  • Natalia Gorodnova

    (Ural Federal University, Russia,)

  • Bruno S. Sergi

    (University of Messina, Italy,)

  • Chanel Tri Handoko

    (Universitas Sebelas Maret, Indonesia.)

  • Chrisna T. Permana

    (Universitas Sebelas Maret, Indonesia.)

Abstract

A significant depletion of natural energy reserves and a sharp rise in its cost of production amidst a civilizational energy crisis, greenhouse gas issue, and increasing energy consumption have called for an urgent and radical change in the global energy agenda. An idea to promote hydrogen as an alternative energy emerges from the global energy transition agenda. In this article, our aim is to assess the prospect of hydrogen, as a potential, environmentally friendly, yet expensive and technological-demanding resource, to be developed globally. The scientific novelty of the research consists in systematizing the world experience and Russian practice of implementing energy efficiency projects within the framework of public-private partnership (PPP), substantiating, and forecasting the prospects for the use of this resource in order to decarbonize the economy and solve environmental problems, as well as determining the main directions of the national energy strategy in Russia. We have developed recommendations to eliminate the identified problems that impede the increase in the energy efficiency of industrial production and operation of facilities. It is concluded that the use of green hydrogen obtained with the help of renewable energy sources is promising in solving environmental problems and building a climate-neutral economy characterized by zero greenhouse gas emissions. The results of the work can be useful in well-supporting hydrogen ecosystem.

Suggested Citation

  • Andrey Berezin & Natalia Gorodnova & Bruno S. Sergi & Chanel Tri Handoko & Chrisna T. Permana, 2023. "Prospects for Energy Transition to Hydrogen Fuel: Analysis of World Experience and Russian Practice," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 641-653, July.
    • Handle: RePEc:eco:journ2:2023-04-64
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    References listed on IDEAS

    as
    1. Pan, Wei & Garmston, Helen, 2012. "Building regulations in energy efficiency: Compliance in England and Wales," Energy Policy, Elsevier, vol. 45(C), pages 594-605.
    2. Vladimir Potashnikov & Alexander Golub & Michael Brody & Oleg Lugovoy, 2022. "Decarbonizing Russia: Leapfrogging from Fossil Fuel to Hydrogen," Energies, MDPI, vol. 15(3), pages 1-27, January.
    3. Anastasia Salnikova, 2022. "Hydrogen Economy as a Driver of Synergetic Technological Development: Policy and Application Evidence from Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 47-53.
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    More about this item

    Keywords

    Energy Crisis; Energy Efficiency; Public-private Partnership; Green Economy; Hydrogen Fuel; Carbon Footprint;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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