49003 : Economic Evaluation - Identify Hydrogen Projects - Modelling Tool - Economics Assignment Help

Assignment Task :

THE SETTING 

In line with the National Hydrogen Roadmap1and its Net Zero Plan2, the Government of New  South Wales (NSW) is currently developing a NSW Hydrogen Strategy to drive the growth of a  clean economy in the state. Central to this strategy is a Hydrogen Program (the Program) that  provides a multi-billion dollars grants for demonstration and commercialisation of hydrogen  projects across the supply chain – including hydrogen production, storage, distribution, and  utilisation in various end-uses (e.g., industrial processes, transport, direct combustion, electricity  generation, and export). The Program is being funded by the NSW and Commonwealth  governments, with the main aim to fast track the commercialisation of hydrogen projects and  accelerate the development of a clean economy in NSW. 

The Program administrator is tasked to develop the business case for developing various  hydrogen (infrastructure) projects, which will inform its funding allocation. Such projects have the potential to generate considerable community-wide interest. Rightly so. The investments are  going to be large and their economic and societal implications are likely to be significant too. A  careful economic evaluation of hydrogen projects is therefore necessary. In view of the renown  of UTS MEM graduates, you have been invited by the Program administrator to identify and  evaluate the hydrogen projects. 

You, of course, accept the invitation! 

THE TASKS 

The Program administrator is seeking your assistance to: 

? identify hydrogen projects (across the supply chain) in NSW 

? conduct an economic evaluation of these projects, in line with the NSW Government Guide to  Cost-Benefit Analysis3, and present the outcome of your analysis 

? develop and provide a modelling tool that will enable the administrator to test projects’ viability under different future scenarios 

Deliverable 1: Project Description Report  

The purpose of the project description report is to provide the context within which the proposed  project will be implemented. It aims to verify (and justify) that the project is appropriate to the  context in which it will take place. 

This report must contain information that enables answering the following questions. 

1. Describe the technical aspect of the proposed project (i.e., the technology that is relevant to a  certain part of a supply chain) and the location where this project is likely to be implemented.

2. Describe the social, economic, political, and institutional context in which the project will be  implemented. This may include (but not limited to): 

• the socio?economic conditions of the region (or local area) that are relevant for the project – the existing policies and development plans, organisation and management of services to  be provided/developed by the project 
•  the current infrastructure endowment and service provision that the proposed project is to  be developed or replaced 
•  other information and statistics that are relevant to better qualify the context, e.g., the  existence of environmental issues, perception of local residents, etc. 

3. What are the goals (objectives) of the proposed project? In identifying the project’s  objectives, try to be as specific as you can. 

4. Who is likely to gain or lose from the proposed project? 

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