An economy-wide analysis of hydrogen economy in Taiwan

This study, based on the Taiwan dynamic computable general equilibrium model-energy, hydrogen (TAIGEM-EH), provides an economic baseline forecast for petroleum and hydrogen economies in Taiwan in 2004-2030. Through survey data on existing energy sectors and other industries, TAIGEM-EH predicts that developing hydrogen economy presents an appropriate strategy for meeting the Kyoto Protocol's CO2 emissions mitigation target with attempt to keep economic growth. Hydrogen economy is noted sensitive to industrial structure and rate of technical progress on hydrogen production. Transition from petroleum economy to hydrogen economy acquires strong governmental support and significant technical progress. © 2008 Elsevier Ltd. All rights reserved.