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Hydrogen as a low-carbon clean energy source is experiencing a global resurgence and has been recognized as an alternative energy carrier that can help bring the world to a carbon neutral future. However, getting to scale is one of the main challenges limiting the growth of the hydrogen economy. In particular, the high cost of transporting green hydrogen is bottlenecking the international trading and wider adoption of hydrogen for global carbon natural objectives. In order to explore incentives for the global hydrogen economy and develop new pathways towards the carbon neutral future, the concept of hydrogen credit is proposed by this research and a framework of trading hydrogen credits similar to carbon credits in the international market is established. This research aims to contribute to the overall uptake of green hydrogen financially rather than relying on the physical production, transportation, and storage of hydrogen. Case studies are presented to demonstrate the feasibility and efficiency of the proposed hydrogen credit framework, as well as the great potential of a global hydrogen credit market. • The concept of hydrogen credit is proposed the first time. • The green hydrogen credit system is closely coupled with the carbon credit market. • A framework of trading hydrogen credits is designed to stimulate hydrogen economy. • This work contributes to the global uptake of green hydrogen financially. • It provides a new pathway towards the net-zero emission/carbon neutral future. [ABSTRACT FROM AUTHOR]

The global resurgence of hydrogen as a clean energy source, particularly green hydrogen derived from renewable energy, is pivotal for achieving a carbon-neutral future. However, scalability poses a significant challenge. This research proposes innovative business models leveraging the low-emission property of green hydrogen to reduce its financial costs, thereby fostering its widespread adoption. Key components of the business workflow are elaborated, mathematical formulations of market parameters are derived, and case studies are presented to demonstrate the feasibility and efficiency of these models. Results demonstrate that the substantial costs associated with the current hydrogen industry can be effectively subsidized via the implementation of proposed business models. When the carbon emission price falls within the range of approximately 86–105 USD/ton, free access to hydrogen becomes a viable option for end-users. This highlights the significance and promising potential of the proposed business models within the green hydrogen credit framework. • Business models for trading green hydrogen credits are designed the first time. • It provides innovative financial solutions to decrease the cost of green hydrogen. • Incentives of utilizing green hydrogen are created using proposed business models. • The adoption of proposed trading framework can stimulate global hydrogen economy. • This work accelerates the progress towards a carbon-neutral future. [ABSTRACT FROM AUTHOR]

The low-carbon economic operation of integrated energy systems (IES) cannot be separated from the carbon trading and green certificate trading market. Therefore, a low-carbon market mechanism and optimization method for IES is proposed. First, we establish a "green-carbon" offset mechanism to realize the conversion from tradable green certificate (TGC) to carbon quotas to offset system's carbon emissions. Second, considering the impact of market incentives and users' consumption behavior on IES, an energy management method of IES is put forward based on Stackelberg game. IES operators as leaders decide energy prices and trading strategies of carbon, TGC and multi-energy. Energy users as followers participate in the integrated demand response based on energy price. The game is solved by an improved adaptive catastrophic genetic algorithm and CPLEX solver. Finally, we take an industrial park in China as an example to analyze. The results show that the proposed method can significantly reduce the system's carbon emissions while improving the benefits for both IES and consumers. • A mechanism is proposed to offset system carbon emissions with green certificates. • An intelligent pricing and optimal method is proposed based on Stackelberg game. • Carbon capture and power-to-gas technology are used to reduce carbon emissions. • Key parameters sensitivity of the offset mechanism is analyzed for specific cases. [ABSTRACT FROM AUTHOR]