Econometric models for biohydrogen development.

Duu-Hwa Lee, Duu-Jong Lee, Ayfer Veziroglu

Institute of Applied Economics, National Taiwan Ocean University, Keelung 202, Taiwan. dhlee@mail.ntou.edu.tw

Bioresource technology 2011 Sep

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Biohydrogen is considered as an attractive clean energy source due to its high energy content and environmental-friendly conversion. Analyzing various economic scenarios can help decision makers to optimize development strategies for the biohydrogen sector. This study surveys econometric models of biohydrogen development, including input-out models, life-cycle assessment approach, computable general equilibrium models, linear programming models and impact pathway approach. Fundamentals of each model were briefly reviewed to highlight their advantages and disadvantages. The input-output model and the simplified economic input-output life-cycle assessment model proved most suitable for economic analysis of biohydrogen energy development. A sample analysis using input-output model for forecasting biohydrogen development in the United States is given. Copyright © 2011 Elsevier Ltd. All rights reserved.