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Economic and Social Impacts of Hydrogen Energy: East Asia Summit Region Case Study

Year: 2025

Type: article

Abstract: [Objective] As hydrogen energy has gained new momentum recently, analyzing the economic and social impacts of developing a hydrogen energy sector can inform further policy formation and investment decision making in this regard. [Method] Considering the increasingly important role of East Asia Summit (EAS) region in both economic growth and green energy transition, this paper developed a demand-driven model for the hydrogen energy supply chains to comprehensively and quantitatively evaluate the economic and social impacts hydrogen energy development in the EAS region. [Result] This model provides estimates of the capital investment required, the number of new jobs created, the potential carbon emissions reduction, the subsidies needed in the early stages of development, and the impacts on key energy security indicators. [Conclusion] This study find that hydrogen energy development has a significant job creation effect, and that the total investment and the fiscal burden appear to be manageable for countries in the EAS region. In addition to substantial carbon emissions reduction, positive social impacts also include general improvements in energy security indicators.

Source: DOAJ (DOAJ: Directory of Open Access Journals)

DOI: 10.16516/j.ceec.2025-040

Authors: Yanfei LI, Xunpeng SHI, Kimura SHIGERU

Institutions: Shenzhen Technology University, University of Technology Sydney, Economic Research Institute for ASEAN and East Asia

Language: English

Topic: Hybrid Renewable Energy Systems

Subfield: Energy Engineering and Power Technology

Field: Energy

Domain: Physical Sciences

SDGs: Affordable and clean energy, Climate action, Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W6887563085

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