TITLE:
The Green Hydrogen Economy and the Global Net Zero Agenda: A Green Powershoring & Green Watershoring Perspective
AUTHORS:
Helson Braga, Raul Gouvea, Margarida Gutierrez
KEYWORDS:
Green Hydrogen Economy, Green Powershoring, Green Watershoring, Blue Economy, Brazil
JOURNAL NAME:
Modern Economy,
Vol.15 No.1,
January
26,
2024
ABSTRACT: The global Green Hydrogen economy offers the opportunity to unleash a new
global energy paradigm, and a new virtuous
cycle of global sustainable economic growth
and development. The Green Hydrogen economy addresses the urgent need for global decarbonization,
addressing a number of the Sustainable Development Goals (SDGs) established in
the 2030 agenda. This paper addresses the promises and challenges permeating
the establishment of a global Green Hydrogen economy. This paper introduces two
new approaches and concepts, Green
Powershoring and Green Watershoring, to assess and analyze how the
global Green Hydrogen will evolve, and which countries will take the leadership in the global Green Hydrogen economy.
Given the renewable energy-intensive and fresh water-intensive nature of green hydrogen production, countries which are more endowed with these
natural resources will develop a clear
lead and a competitive advantage over countries that do not possess
these natural resource endowments. Thus, the creation of a global Green
Hydrogen Divide is inevitable, leading to a number of global geoeconomics and
geopolitical consequences.