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Macroeconomic Factors Influencing Public Policy Strategies for Blue and Green Hydrogen

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  • Roberto Fazioli

    (Department of Economics, University of Ferrara, 44121 Ferrara, Italy)

  • Francesca Pantaleone

    (Department of Economics, University of Ferrara, 44121 Ferrara, Italy)

Abstract

The aim of this paper is to analyze the factors affecting hydrogen and Carbon Capture and Storage Technologies (“CCS”) policies, taking into consideration Fossil Fuel Consumption, Oil Reserves, the Debt/GDP Ratio, the Trilemma Index and other variables with respect to OECD countries. STATA 17 was used for the analysis. The results confirm the hypothesis that countries with high fossil fuel consumption and oil reserves are investing in blue hydrogen and CCS towards a “zero-carbon-emission” perspective. Moreover, countries with a good Debt/GDP ratio act most favorably to green policies by raising their Public Debt, because Foreign Direct Investments are negatively correlated with those kinds of policies. Future research should exploit Green Finance policy decision criteria on green and blue hydrogen.

Suggested Citation

  • Roberto Fazioli & Francesca Pantaleone, 2021. "Macroeconomic Factors Influencing Public Policy Strategies for Blue and Green Hydrogen," Energies, MDPI, vol. 14(23), pages 1-18, November.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:23:p:7938-:d:688703
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    Cited by:

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    2. Francesca Pantaleone & Roberto Fazioli, 2022. "Lock-In Effects on the Energy Sector: Evidence from Hydrogen Patenting Activities," Energies, MDPI, vol. 15(9), pages 1-15, April.
    3. Jae-Eun Shin, 2022. "Hydrogen Technology Development and Policy Status by Value Chain in South Korea," Energies, MDPI, vol. 15(23), pages 1-19, November.
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    5. Dillman, K.J. & Heinonen, J., 2022. "A ‘just’ hydrogen economy: A normative energy justice assessment of the hydrogen economy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).

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