IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v227y2024ics0960148124005305.html
   My bibliography  Save this article

How does hydrogen energy technology help to achieve carbon neutrality targets?

Author

Listed:
  • Zheng, ShiYong
  • Liu, Kang
  • Li, Yuming
  • Li, Biqing
  • Usman, Ahmed

Abstract

In recent times, the role of hydrogen technology has become more important in decarbonizing society and achieving carbon neutrality targets. However, the nexus between hydrogen technology and carbon neutrality has not received attention from the empirics. Therefore, this analysis is an effort to plug this gap in the literature by examining the role of hydrogen technology in achieving carbon neutrality targets in six top hydrogen technologies innovative and polluting economies from 1995 to 2021. This study employs the CS-ARDL to obtain the short and long-run results. According to the long-run outcomes, hydrogen technology, green ICT, and financial development cause carbon emissions to fall. In contrast, the GDP boosts the carbon emissions. On the other hand, the short-run estimates don't show any significant relationship with the carbon emissions. These results highlight the significance of hydrogen technology and suggest that policymakers should increase the role of hydrogen technology in energy and related sectors in top polluted economies to help them achieve zero-emission targets.

Suggested Citation

  • Zheng, ShiYong & Liu, Kang & Li, Yuming & Li, Biqing & Usman, Ahmed, 2024. "How does hydrogen energy technology help to achieve carbon neutrality targets?," Renewable Energy, Elsevier, vol. 227(C).
    • Handle: RePEc:eee:renene:v:227:y:2024:i:c:s0960148124005305
    DOI: 10.1016/j.renene.2024.120465
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148124005305
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2024.120465?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pesaran, M. Hashem, 2015. "Time Series and Panel Data Econometrics," OUP Catalogue, Oxford University Press, number 9780198759980.
    2. Squadrito, Gaetano & Maggio, Gaetano & Nicita, Agatino, 2023. "The green hydrogen revolution," Renewable Energy, Elsevier, vol. 216(C).
    3. Duanmin Zhang & Ilhan Ozturk & Sana Ullah, 2022. "Institutional factors-environmental quality nexus in BRICS: a strategic pillar of governmental performance," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5777-5789, December.
    4. Hashem Pesaran, M. & Yamagata, Takashi, 2008. "Testing slope homogeneity in large panels," Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
    5. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    6. Joakim Westerlund, 2007. "Testing for Error Correction in Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(6), pages 709-748, December.
    7. Chudik, Alexander & Pesaran, M. Hashem, 2015. "Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors," Journal of Econometrics, Elsevier, vol. 188(2), pages 393-420.
    8. Haghi, Ehsan & Raahemifar, Kaamran & Fowler, Michael, 2018. "Investigating the effect of renewable energy incentives and hydrogen storage on advantages of stakeholders in a microgrid," Energy Policy, Elsevier, vol. 113(C), pages 206-222.
    9. Jin, Cheng & Lv, Zhiwei & Li, Zengrong & Sun, Kehan, 2023. "Green finance, renewable energy and carbon neutrality in OECD countries," Renewable Energy, Elsevier, vol. 211(C), pages 279-284.
    10. Li, Yaya & Zhang, Yun, 2023. "What is the role of green ICT innovation in lowering carbon emissions in China? A provincial-level analysis," Energy Economics, Elsevier, vol. 127(PA).
    11. Su, Chi Wei & Liu, Fangying & Stefea, Petru & Umar, Muhammad, 2023. "Does technology innovation help to achieve carbon neutrality?," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1-14.
    12. Pelaez-Samaniego, Manuel Raul & Riveros-Godoy, Gustavo & Torres-Contreras, Santiago & Garcia-Perez, Tsai & Albornoz-Vintimilla, Esteban, 2014. "Production and use of electrolytic hydrogen in Ecuador towards a low carbon economy," Energy, Elsevier, vol. 64(C), pages 626-631.
    13. Jianrun Wang & Muhammad Ramzan & Raufhon Salahodjaev & Muhammad Hafeez & Jihua Song, 2023. "Does financial globalisation matter for environmental quality? A sustainability perspective of Asian economies," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(3), pages 2153152-215, December.
    14. Hanley, Emma S. & Deane, JP & Gallachóir, BP Ó, 2018. "The role of hydrogen in low carbon energy futures–A review of existing perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3027-3045.
    15. Hermine Van Coppenolle & Mathieu Blondeel & Thijs Van de Graaf, 2023. "Reframing the climate debate: The origins and diffusion of net zero pledges," Global Policy, London School of Economics and Political Science, vol. 14(1), pages 48-60, February.
    16. Jia, Zhijie & Lin, Boqiang, 2021. "How to achieve the first step of the carbon-neutrality 2060 target in China: The coal substitution perspective," Energy, Elsevier, vol. 233(C).
    Full references (including those not matched with items on IDEAS)

    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. Li, Xinqiang & Wang, Cheng, 2024. "Clean Energy's influence on the mineral resource market in the ASEAN region," Resources Policy, Elsevier, vol. 91(C).
    2. Chen, Liang & Guo, Yirong, 2023. "The drivers of sustainable development: Natural resources extraction and education for low-middle- and high-income countries," Resources Policy, Elsevier, vol. 86(PB).
    3. Yang, Changjin & Qi, Huarui & Jia, Lijun & Wang, Yanjiao & Huang, Dan, 2024. "Impact of digital technologies and financial development on green growth: Role of mineral resources, institutional quality, and human development in South Asia," Resources Policy, Elsevier, vol. 90(C).
    4. Li, Tianyu & Yue, Xiao-Guang & Waheed, Humayun & Yıldırım, Bilal, 2023. "Can energy efficiency and natural resources foster economic growth? Evidence from BRICS countries," Resources Policy, Elsevier, vol. 83(C).
    5. Guo, Xiuping & Meng, Xianglei & Luan, Qingfeng & Wang, Yanhua, 2023. "Trade openness, globalization, and natural resources management: The moderating role of economic complexity in newly industrialized countries," Resources Policy, Elsevier, vol. 85(PA).
    6. Sampene, Agyemang Kwasi & Li, Cai & Wiredu, John, 2024. "An outlook at the switch to renewable energy in emerging economies: The beneficial effect of technological innovation and green finance," Energy Policy, Elsevier, vol. 187(C).
    7. Ya, Du & Quddus, Abdul & Feng, Minhong & Ullah, Ehsan & Ameer, Waqar, 2024. "Assessing the impact of fiscal policy and natural resources on environmental degradation in BRICS countries: A resource management perspective," Resources Policy, Elsevier, vol. 90(C).
    8. Chakraborty, Saptorshee Kanto & Mazzanti, Massimiliano, 2021. "Renewable electricity and economic growth relationship in the long run: Panel data econometric evidence from the OECD," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 330-341.
    9. Quynh Chau Pham Holland & Benjamin Liu & Eduardo Roca, 2019. "International funding cost and heterogeneous mortgage interest-rate pass-through: a bank-level analysis," Empirical Economics, Springer, vol. 57(4), pages 1255-1289, October.
    10. Muhammed BENLI, 2020. "The effect of external debt on long run economic growth in developing economies: Evidence from heterogeneous panel data models with cross sectional dependency," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(624), A), pages 127-138, Autumn.
    11. Dong, Ziguang & Zhou, Zheng & Ananzeh, Mohammed & Hoang, Khai Nguyen & Shamansurova, Zilola & Luong, Tuan Anh, 2024. "Exploring the asymmetric association between fintech, clean energy, climate policy, natural resource conservations and environmental quality. A post-COVID perspective from Asian countries," Resources Policy, Elsevier, vol. 88(C).
    12. Michael Appiah & Mingxing Li & Stephen Taiwo Onifade & Bright Akwasi Gyamfi, 2024. "Investigating institutional quality and carbon mitigation drive in Sub-Saharan Africa: Are growth levels, energy use, population, and industrialization consequential factors?," Energy & Environment, , vol. 35(4), pages 2031-2057, June.
    13. Yang, Shuangpeng & umar, Muhammad, 2022. "How globalization is reshaping the environmental quality in G7 economies in the presence of renewable energy initiatives?," Renewable Energy, Elsevier, vol. 193(C), pages 128-135.
    14. Riti, Joshua Sunday & Shu, Yang & Riti, Miriam-Kamah J., 2022. "Geopolitical risk and environmental degradation in BRICS: Aggregation bias and policy inference," Energy Policy, Elsevier, vol. 166(C).
    15. Xiong, Su & Luo, Rong, 2023. "Investigating the relationship between digital trade, natural resources, energy transition, and green productivity: Moderating role of R&D investment," Resources Policy, Elsevier, vol. 86(PB).
    16. Bashir, Muhammad Adnan & Dengfeng, Zhao & Filipiak, Beata Zofia & Bilan, Yuriy & Vasa, László, 2023. "Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?," Renewable Energy, Elsevier, vol. 217(C).
    17. Muhammad Ibrahim Shah & Shujaat Abbas & Aminat Olayinka Olohunlana & Avik Sinha, 2023. "The impacts of land use change on biodiversity and ecosystem services: An empirical investigation from highly fragile countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(3), pages 1384-1400, June.
    18. Chengyonghui, Duan & Ni, Soh Wei & San, Ong Tze & Rahim, Norhuda BT Abdul, 2023. "What role public debt plays to moderate the influence of natural resources on financial development? Appraising Resource-Curse Hypothesis in MENA Region," Resources Policy, Elsevier, vol. 86(PA).
    19. Ahmad, Mahmood & Dai, Jiapeng & Mehmood, Usman & Abou Houran, Mohamad, 2023. "Renewable energy transition, resource richness, economic growth, and environmental quality: Assessing the role of financial globalization," Renewable Energy, Elsevier, vol. 216(C).
    20. Li, Hongmei & Xu, Ruizhe, 2023. "Impact of fiscal policies and natural resources on ecological sustainability of BRICS region: Moderating role of green innovation and ecological governance," Resources Policy, Elsevier, vol. 85(PB).

    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:eee:renene:v:227:y:2024:i:c:s0960148124005305. 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: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    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.