Social cost-benefit analysis of hydrogen mobility in Europe

Abstract

The deployment of hydrogen technologies in the energy mix and the use of hydrogen fuel cell vehicles (FCV) are expected to significantly reduce European greenhouse emissions. We carry out a social cost-benefit analysis to estimate the period of socio-economic conversion, period for which the replacement of gasoline internal combustion engine vehicles (ICEV) by FCV becomes socio-economically profitable. In this study, we considered a hydrogen production mix of five technologies: natural gas reforming processes with or without carbon capture and storage, electrolysis, biogas processes and on-site production.We estimate two external costs: the abatement cost of CO 2 through FCV and the use of non-renewable resources in the manufacture of fuel cells by measuring platinum depletion. We forecast that carbon market could finance approximately 10 % of the deployment cost of hydrogen-based transport and that an early economic conversion could be targeted for FCV. Almost ten years could be saved by considering externalities. 1

Life Cycle Costing Analysis: Tools and Applications for Determining Hydrogen Production Cost for Fuel Cell Vehicle Technology

“…Cost Benefit Analysis of German Market based on previous published study for fuel cell electric vehicle, including externality costs in Europe for society benefits analysis. [27] Techno-economical characterization for Alkaline water electrolysis.…”

A Social Cost-Benefit Analysis of the Vehicle Restriction Policy for Reducing Overtourism in Udo, Korea

“…In addition, social cost-benefit analysis is mainly conducted to review the feasibility of implementing development policies that take into account the value of the environment [40][41][42][43][44][45]. The costs of implementing development projects and policies are easy to quantify.…”

“…By contrast, the concerns in the social cost-benefit analysis are the social benefits that have been affected by the policy and the calculation of the effects of environmental improvements, among others. This improvement effect-a social benefit-is currently being regarded as the benefit of reducing carbon emissions, and a system exists that can be used to assess the value of carbon per unit [39][40][41].…”

Social cost-benefit assessment as a post-optimal analysis for hydrogen supply chain design and deployment: Application to Occitania (France)

“…More recently, a social cost-benefit analysis (CBA) for hydrogen market penetration has been investigated in some significant works: the progressive replacement of gasoline ICEV by hydrogen FCV in the European market over the period 2015-2055 has been assessed in ( Sun et al, 2010 ;Creti et al, 2015 ). This study provides a comprehensive support scheme that bridges the gap between three main dimensions: (1) market requirements with the reduced cost of cars and hydrogen fuelling stations, (2) sustainability and climate requirements, and (3) hydrogen technology development ( Cantuarias-Villessuzanne et al, 2016 ) targeting to lower or replace the use of noble materials like platinum in fuel cells and electrolyzers.…”