Details
| Original language | English |
|---|---|
| Title of host publication | Deutscher Luft- und Raumfahrtkongress 2023 |
| Publication status | Published - 2023 |
Abstract
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Deutscher Luft- und Raumfahrtkongress 2023. 2023.
Research output: Chapter in book/report/conference proceeding › Conference contribution › Research
}
TY - GEN
T1 - Macroeconomic Effects of Sustainable Aviation - A Multiplier Analysis of Power-to-Liquid Jet Fuel in Germany
AU - Müller, Tobias Wolfgang
AU - Winter, E.
PY - 2023
Y1 - 2023
N2 - Hydrogen is a promising fuel to decarbonize the air transport system and offers different options for applica-tion in aircraft. For instance, hydrogen-based Power-to-Liquid (PtL) fuel represents a viable pathway for the aviation sector. Currently, the academic discourse around PtL fuel focuses on technological or techno-economic issues, while macroeconomic analyses lack behind. However, the introduction of new technologies has numerous implications on sectoral and economy-wide level. To estimate potential macroeconomic ef-fects of PtL jet fuel production in Germany, this paper builds on a Social Accounting Matrix (SAM) - and applies the well-established method of multiplier analysis. Our results indicate economic benefits from PtL fuel on both sectoral and economy-wide level. Compared to mineral oil products like kerosene, PtL jet fuel can generate superior contribution to the domestic economy as well as increased labor demand and produc-tion output in multiple sectors. Despite its advantages, the multiplier approach has some limitations. There-fore, our paper also discusses the need to apply more advanced methods, such as equilibrium models, to fully understand the macroeconomic impact of PtL jet fuel production and use.
AB - Hydrogen is a promising fuel to decarbonize the air transport system and offers different options for applica-tion in aircraft. For instance, hydrogen-based Power-to-Liquid (PtL) fuel represents a viable pathway for the aviation sector. Currently, the academic discourse around PtL fuel focuses on technological or techno-economic issues, while macroeconomic analyses lack behind. However, the introduction of new technologies has numerous implications on sectoral and economy-wide level. To estimate potential macroeconomic ef-fects of PtL jet fuel production in Germany, this paper builds on a Social Accounting Matrix (SAM) - and applies the well-established method of multiplier analysis. Our results indicate economic benefits from PtL fuel on both sectoral and economy-wide level. Compared to mineral oil products like kerosene, PtL jet fuel can generate superior contribution to the domestic economy as well as increased labor demand and produc-tion output in multiple sectors. Despite its advantages, the multiplier approach has some limitations. There-fore, our paper also discusses the need to apply more advanced methods, such as equilibrium models, to fully understand the macroeconomic impact of PtL jet fuel production and use.
UR - https://publikationen.dglr.de/?tx_dglrpublications_pi1%5bdocument_id%5d=610164
U2 - 10.25967/610164
DO - 10.25967/610164
M3 - Conference contribution
BT - Deutscher Luft- und Raumfahrtkongress 2023
ER -