Comparative Analysis of Cost Savings in the Utilization of Green Hydrogen Energy in Developing Countries

Abstract

The global transition towards sustainable and clean energy sources has made green hydrogen a focal point of interest in recent years. As the world seeks to reduce carbon emissions and mitigate climate change, green hydrogen presents a promising avenue for the decarburization of various sectors. Developing countries, in particular, stand to benefit from the adoption of green hydrogen technology due to their growing energy needs and the imperative to achieve sustainable development goals. This research article presents a comparative analysis of cost savings in the utilization of green hydrogen energy in developing countries. Through a comprehensive review of existing literature and case studies, this article examines the economic feasibility of green hydrogen projects in developing nations, considering factors such as production methods, infrastructure, and policy frameworks. The findings highlight the potential cost advantages of green hydrogen and the key drivers behind its adoption in developing countries, offering insights into the role green hydrogen can play in addressing energy challenges while promoting sustainable development.