TOP ＞ ディスカッションペーパー ＞ No.50 Policy design for diffusing hydrogen economy and its impact on Japanese economy by 2050 carbon neutrality: Analysis using E3ME-FTT model
No.50 Policy design for diffusing hydrogen economy and its impact on Japanese economy by 2050 carbon neutrality: Analysis using E3ME-FTT model
Xu Han1, Pim Vercoulen23 , Soocheol Lee4, Aileen Lam5, Shinya Kato6, Toru Morotomi7
1 Graduate School of Economics, Kyoto University. email@example.com
2 Cambridge Econometrics. firstname.lastname@example.org
3 Global Systems Institute, University of Exeter.
4 Faculty of Economics, Meijo University. email@example.com
5 The World Bank. firstname.lastname@example.org
6 Faculty of Economics, Yamaguchi University. email@example.com
7 Graduate School of Economics & Graduate School of Economics, Kyoto University. firstname.lastname@example.org
The purpose of this study is to investigate the diffusion of hydrogen technology and extend the utilization of hydrogen in Japanese economy by 2050. By simulating E3ME-FTT model and comparing policy scenarios with baseline, the economic and environmental impact of policy scenarios for hydrogen diffusion can be analyzed. Moreover, when carbon neutrality is tried to be realized by 2050, the impact on Japanese economy can be also measured. The results have shown that large-scale decarbonization with hydrogen diffusion is possible without losing economic activity. Investment in new hydrogen-based and other low-carbon technologies in the power sector, freight road transport, and iron and steel industry contributes to the positive GDP results as it invokes economic activity and requires additional employment.
Keywords：Hydrogen; Carbon neutral; Japanese economy; E3ME-FTT model