The future European hydrogen market: market design and policy recommendations to support market development and commodity trading
A key building block of the European Green Deal is the development of a hydrogen commodity market, which requires a suitable hydrogen market design and the timely introduction of related policy measures. Using exploratory interviews with five expert groups, we contribute to this novel research field...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2024
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| Online Access: | https://hdl.handle.net/10356/180026 |
| _version_ | 1811680952706924544 |
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| author | Steinbach, Sarah A. Bunk, Nikolas |
| author2 | School of Electrical and Electronic Engineering |
| author_facet | School of Electrical and Electronic Engineering Steinbach, Sarah A. Bunk, Nikolas |
| author_sort | Steinbach, Sarah A. |
| collection | NTU |
| description | A key building block of the European Green Deal is the development of a hydrogen commodity market, which requires a suitable hydrogen market design and the timely introduction of related policy measures. Using exploratory interviews with five expert groups, we contribute to this novel research field by outlining the core market design criteria and proposing suitable regulations for the future European hydrogen market. We identify detailed recommendations along three core market design focus areas: Market development policy measures, infrastructure regulations, as well as hydrogen and certificate trading. Our findings provide an across-industry view of current policy-related key challenges in the hydrogen commodity market development and mitigation approaches. We, therefore, support policymakers within the EU in the ongoing detailing of their regulatory hydrogen and green energy packages. Further, we promote hydrogen market development by assisting current and future industry players in finding a common understanding of the future hydrogen market design. |
| first_indexed | 2024-10-01T03:33:14Z |
| format | Journal Article |
| id | ntu-10356/180026 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:33:14Z |
| publishDate | 2024 |
| record_format | dspace |
| spelling | ntu-10356/1800262024-09-13T15:40:58Z The future European hydrogen market: market design and policy recommendations to support market development and commodity trading Steinbach, Sarah A. Bunk, Nikolas School of Electrical and Electronic Engineering Energy Research Institute @ NTU (ERI@N) Business and Management Market design Energy regulation A key building block of the European Green Deal is the development of a hydrogen commodity market, which requires a suitable hydrogen market design and the timely introduction of related policy measures. Using exploratory interviews with five expert groups, we contribute to this novel research field by outlining the core market design criteria and proposing suitable regulations for the future European hydrogen market. We identify detailed recommendations along three core market design focus areas: Market development policy measures, infrastructure regulations, as well as hydrogen and certificate trading. Our findings provide an across-industry view of current policy-related key challenges in the hydrogen commodity market development and mitigation approaches. We, therefore, support policymakers within the EU in the ongoing detailing of their regulatory hydrogen and green energy packages. Further, we promote hydrogen market development by assisting current and future industry players in finding a common understanding of the future hydrogen market design. Published version 2024-09-10T04:47:41Z 2024-09-10T04:47:41Z 2024 Journal Article Steinbach, S. A. & Bunk, N. (2024). The future European hydrogen market: market design and policy recommendations to support market development and commodity trading. International Journal of Hydrogen Energy, 70, 29-38. https://dx.doi.org/10.1016/j.ijhydene.2024.05.107 0360-3199 https://hdl.handle.net/10356/180026 10.1016/j.ijhydene.2024.05.107 2-s2.0-85192919847 70 29 38 en International Journal of Hydrogen Energy © 2024 The Author(s). Published by Elsevier Ltd on behalf of Hydrogen Energy Publications LLC. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). application/pdf |
| spellingShingle | Business and Management Market design Energy regulation Steinbach, Sarah A. Bunk, Nikolas The future European hydrogen market: market design and policy recommendations to support market development and commodity trading |
| title | The future European hydrogen market: market design and policy recommendations to support market development and commodity trading |
| title_full | The future European hydrogen market: market design and policy recommendations to support market development and commodity trading |
| title_fullStr | The future European hydrogen market: market design and policy recommendations to support market development and commodity trading |
| title_full_unstemmed | The future European hydrogen market: market design and policy recommendations to support market development and commodity trading |
| title_short | The future European hydrogen market: market design and policy recommendations to support market development and commodity trading |
| title_sort | future european hydrogen market market design and policy recommendations to support market development and commodity trading |
| topic | Business and Management Market design Energy regulation |
| url | https://hdl.handle.net/10356/180026 |
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