Economic Policy and Regulation of Low-carbon Hydrogen: Taking Stock and Looking Forward
In joint work with an expert from ACER, this paper takes stock of economic policies and regulatory frameworks for natural gas in the US and Europe and answers the following questions. What lessons can we learn from decades of natural gas market regulation? What are the possible market structures for hydrogen in Europe? Should vertical integration be allowed to stimulate investments in the early stage of hydrogen market developments? The paper looks at these questions through the transaction cost economics framework.
