Is Hydrogen Fuel the Future Energy of the World?

Document Type : Review Article

Authors

1 Master's student of economics at Shahid Beheshti University

2 Associate Professor, Faculty of Economics and Political Sciences, Shahid Beheshti University

Abstract
Today, the world is looking for environmental crises and the reduction of available fossil energy sources, looking for transitioning from existing energies and turning to renewable, new and clean energies. Hydrogen as a renewable and new energy to replace fossil fuels draws attention towards has attracted This article introduces and compares the driving countries in this field. Japan is the first country to design a hydrogen economy, which has expressed its plans since 2017, and aims to completely replace current energies with hydrogen by 2050. After China and South Korea, they have been investigated. China is one of the main producers with the production of 33 million tons of hydrogen, and since 2020, it has included the importance of hydrogen in its plans and is taking steps towards a hydrogen economy. With an investment of 36 billion in this area, South Korea plans to create 30 companies and 500,000 jobs in the field of hydrogen. In 2020, the European Union introduced hydrogen as a tool to achieve the goal of zero carbon emissions and plans to replace hydrogen in three stages by 2050. Canada is also among the top ten producers with the production of 5% of the world's hydrogen, and America is also trying to compete in this arena by producing hydrogen at a price of $2 per kilogram. Finally, there is no superiority among countries in the production of green hydrogen, and all countries have started their program based on the production of blue and gray hydrogen.

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  • Receive Date 17 February 2024
  • Revise Date 02 May 2024
  • Accept Date 24 June 2024