Abstract
This chapter provides an overview of market failures that could inhibit the efficient development of a green hydrogen fuel export industry. Market failures are defined by the situation where a free market is unable to distribute goods and services efficiently in absence of intervention by governments and regulators. For a green hydrogen export industry, market failures could arise due to externalities, asymmetric information, credit constraints, underinvestment in knowledge from research and development as a public good, coordination failures, network externalities, and hold-up problems. This chapter describes the potential for each of these market failures in the context of emerging hydrogen technologies and markets, and discusses emerging and best-practice green industrial policies to address these market failures.
| Original language | English |
|---|---|
| Title of host publication | Towards Hydrogen Infrastructure |
| Subtitle of host publication | Advances and Challenges in Preparing for the Hydrogen Economy |
| Publisher | Elsevier |
| Pages | 39-58 |
| Number of pages | 20 |
| ISBN (Electronic) | 9780323955539 |
| ISBN (Print) | 9780323955546 |
| DOIs | |
| Publication status | Published - 1 Jan 2023 |