The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy

This article attempts to model interdependencies between socio-economic, energy, and environmental factors with selected data characterizing the development of the hydrogen economy. The study applies Spearman’s correlation and a linear regression model to estimate the influence of gross domestic pro...

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Main Authors: Justyna Cader, Renata Koneczna, Piotr Olczak
Format: Article
Language:English
Published: MDPI AG 2021-08-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/16/4811
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author Justyna Cader
Renata Koneczna
Piotr Olczak
author_facet Justyna Cader
Renata Koneczna
Piotr Olczak
author_sort Justyna Cader
collection DOAJ
description This article attempts to model interdependencies between socio-economic, energy, and environmental factors with selected data characterizing the development of the hydrogen economy. The study applies Spearman’s correlation and a linear regression model to estimate the influence of gross domestic product, population, final energy consumption, renewable energy, and CO<sub>2</sub> emission on chosen hydrogen indicators—production, patents, energy technology research, development, and demonstration budgets. The study was conducted in nine countries selected for their actions towards a hydrogen economy based on analyses of national strategies, policies, research and development programs, and roadmaps. The results confirm the statistically significant impact of the chosen indicators, which are the drivers for the development of the hydrogen economy from 2008 to 2018. Moreover, the empirical results show that different characteristics in each country contribute to the development of the hydrogen economy vision.
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spelling doaj.art-67023304123a42b58bf1c23e9f9c5a3c2023-11-22T07:27:44ZengMDPI AGEnergies1996-10732021-08-011416481110.3390/en14164811The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen EconomyJustyna Cader0Renata Koneczna1Piotr Olczak2Mineral and Energy Economy Research Institute, Polish Academy of Sciences, 31-261 Cracow, PolandMineral and Energy Economy Research Institute, Polish Academy of Sciences, 31-261 Cracow, PolandMineral and Energy Economy Research Institute, Polish Academy of Sciences, 31-261 Cracow, PolandThis article attempts to model interdependencies between socio-economic, energy, and environmental factors with selected data characterizing the development of the hydrogen economy. The study applies Spearman’s correlation and a linear regression model to estimate the influence of gross domestic product, population, final energy consumption, renewable energy, and CO<sub>2</sub> emission on chosen hydrogen indicators—production, patents, energy technology research, development, and demonstration budgets. The study was conducted in nine countries selected for their actions towards a hydrogen economy based on analyses of national strategies, policies, research and development programs, and roadmaps. The results confirm the statistically significant impact of the chosen indicators, which are the drivers for the development of the hydrogen economy from 2008 to 2018. Moreover, the empirical results show that different characteristics in each country contribute to the development of the hydrogen economy vision.https://www.mdpi.com/1996-1073/14/16/4811linear regression modelSpearman’s correlationnational hydrogen strategieshydrogen economy implementation
spellingShingle Justyna Cader
Renata Koneczna
Piotr Olczak
The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy
Energies
linear regression model
Spearman’s correlation
national hydrogen strategies
hydrogen economy implementation
title The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy
title_full The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy
title_fullStr The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy
title_full_unstemmed The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy
title_short The Impact of Economic, Energy, and Environmental Factors on the Development of the Hydrogen Economy
title_sort impact of economic energy and environmental factors on the development of the hydrogen economy
topic linear regression model
Spearman’s correlation
national hydrogen strategies
hydrogen economy implementation
url https://www.mdpi.com/1996-1073/14/16/4811
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