Differences in the effects of carbon prices and scale effects on carbon assets:Evidence from hydrogen power carbon trading in China

Abstract

Hydrogen energy has significant advantages in pursuing carbon neutrality goals. However, there is uncertainty about its economic value. In view of this problem, this paper discusses the hydrogen energy carbon asset valuation method, identifies the key influencing factors, analyzes their impact on carbon assets, and proposes a carbon asset valuation method based on the market method. We analyze the sensitivity of carbon asset value to hydrogen energy using Monte Carlo simulation, which compares the uncertain impact of various combinations of factors and incorporates time variation into the study factors. The results show that: (1) Hydrogen energy has a high carbon asset value; (2) Among the multiple factors considered, energy capacity has the most significant impact on hydrogen energy and carbon assets; (3) Carbon assets of hydrogen energy are determined by factors such as carbon emission reduction capacity, energy level and carbon price.