The Hydrogen Economy Assignments | Custom Homework Help
Imagine that you are working as an economic advisor for the Australian Federal Minister for Energy and Emissions Reducation. He has asked you to prepare a briefing document on the economics of reducing Australia’s emissions by replacing hydrocarbon fuels (such as coal and oil) by hydorgen extracted via renewal energy sources such as solar and wind power. Like batteries, hydrogen can power electric vehicle; indeed, manufacturers such as Honda, Toyota and Hyundai already make vehicles that run on hydrogen. However, the process works rather differently, via fuel-cell technology that generates electricity for the electric motor, with water being the sole emission. Hydrogen might also have other applications as a fuel. There is potential to export hydrogen, much as Australia exports natural gas, so long as the challenges of storing and transporting such a low density product can be overcome. CSIRO is working on solving these challenges by developing a system that makes ammonia (which is easy to transport) from hydrogen and then extracts hydrogen from ammonia via a metal membrane.
Imagine also that the minister is coming under fire from members of the parliamentary opposition, who say that, just as with battery-powered electric vehicles, Australia’s investment in hydrogen energy is running way behind other nations that are far less well-endowed with renewable energy sources. The opposition are claiming that a hydrogen-based future could generate thousands of jobs, more than offsetting jobs lost if traditional fossili fuel production is wound down. It is against this backdrop that the Minister has asked you to write the briefing document. He has asked you to focus on the factors that could determine the uptake trajectory of this technology if the government plays no active role, and he also wants you to offer suggestions about what economic role there could be for government policies in this area.
Your expertise in the evolutionary/complex systems approach to economics is the reason that you in particular have been asked to write this briefing, since previous advice has been informed by traditional economic thinking and the Minister is keen to know whether your approach leads to different perspectives on the potential significance for Australia of hydrogen as a fuel over the next couple of decades.
(i) Evidence of the extent of relevant reading that has been undertaken, both in terms of breadth and depth, especially from the scholarly literate rather than merely referring to media reports and sources that have not been peer reviewed.
(ii) Grasp of theoretical issues/absence of mistakes in explaining key concepts.
(iii) Insight, critical thinking and creativity evident in applying theoretical perspectives to the topic.
(iv) Quality of writing and presentation, given the target audience.
(v) Accuracy and consistency of referencing.
+Using graphs, charts and statistics: Charts, graphs and figures provide ways of offering evidence in support of what you are arguing
+ MUST NEED TO see evidence that you can make original connections and/or display critical insight by using the theory yourself. Not just reporting what others have said from research.
+ MUST NEED TO USE the theory that been taught in this course on this report (theory that been taught in this course can be found on file L09~L12 Handout and T09~T12 slides that I upload). (L10 and L11 is talking about Evolution of Industries and Markets and Evolving Complex Systems it is useful and need to be use in this assignment). (T09 is focus on Railway Revolution, which provide consider whether the idea of revolutionary change. Also, T12 is focus on taking a very long-term perspective on the challenges of keeping a firm viable in a world of Schumpeterian change both provide useful theory and thinking that need to be use in this assignment).
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