TY - JOUR
T1 - The new oil? The geopolitics and international governance of hydrogen
AU - Van de Graaf, Thijs
AU - Overland, Indra
AU - Scholten, Daniel
AU - Westphal, Kirsten
PY - 2020
Y1 - 2020
N2 - While most hydrogen research focuses on the technical and cost hurdles to a full-scale hydrogen economy, little consideration has been given to the geopolitical drivers and consequences of hydrogen developments. The technologies and infrastructures underpinning a hydrogen economy can take markedly different forms, and the choice over which pathway to take is the object of competition between different stakeholders and countries. Over time, cross-border maritime trade in hydrogen has the potential to fundamentally redraw the geography of global energy trade, create a new class of energy exporters, and reshape geopolitical relations and alliances between countries. International governance and investments to scale up hydrogen value chains could reduce the risk of market fragmentation, carbon lock-in, and intensified geo-economic rivalry.
AB - While most hydrogen research focuses on the technical and cost hurdles to a full-scale hydrogen economy, little consideration has been given to the geopolitical drivers and consequences of hydrogen developments. The technologies and infrastructures underpinning a hydrogen economy can take markedly different forms, and the choice over which pathway to take is the object of competition between different stakeholders and countries. Over time, cross-border maritime trade in hydrogen has the potential to fundamentally redraw the geography of global energy trade, create a new class of energy exporters, and reshape geopolitical relations and alliances between countries. International governance and investments to scale up hydrogen value chains could reduce the risk of market fragmentation, carbon lock-in, and intensified geo-economic rivalry.
KW - Energy trade
KW - Geopolitics
KW - Global market
KW - Hydrogen
KW - International governance
UR - http://www.scopus.com/inward/record.url?scp=85087219072&partnerID=8YFLogxK
U2 - 10.1016/j.erss.2020.101667
DO - 10.1016/j.erss.2020.101667
M3 - Article
AN - SCOPUS:85087219072
VL - 70
JO - Energy Research and Social Science
JF - Energy Research and Social Science
SN - 2214-6296
M1 - 101667
ER -