Shandong Path of Green Finance Driving the Leap of the Whole Industrial Chain of Hydrogen Energy-Multi-Case Study Based on the Pilot of 'Hydrogen into Ten Thousand'_Vol. 2 No. 2 (JBM 2025)_Journal of Business and Marketing (ISSN: 3005-5717)

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Shandong Path of Green Finance Driving the Leap of the Whole Industrial Chain of Hydrogen Energy-Multi-Case Study Based on the Pilot of 'Hydrogen into Ten Thousand'

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DOI: https://doi.org/10.62517/jbm.202509206

Author(s)

Zixuan Wang*

Affiliation(s)

School of Business, Shandong Normal University, Jinan, China *Corresponding Author

Abstract

Amid global energy transitions and carbon neutrality objectives, green hydrogen has emerged as a pivotal enabler of sustainable industrial growth due to its zero-carbon attributes. This study examines Shandong Province’s "Hydrogen Integration" initiative, analyzing how green finance accelerates innovation across the hydrogen value chain. Focusing on three regional models—Qingdao’s port applications, Zibo’s manufacturing ecosystems, and Jinan’s R&D hubs—the research employs comparative case analysis to explore the interplay of specialized bonds, venture capital, and tailored financing mechanisms in optimizing production, storage, distribution, and utilization. A tripartite evaluation framework quantifies financial impacts, revealing that region-specific resource endowments shape financing strategies: Qingdao’s infrastructure-linked bonds, Zibo’s industrial clusters, and Jinan’s innovation-driven investments demonstrate distinct advantages. Data indicate cost reductions of ~30% in hydrogen infrastructure projects through diversified financing, while cross-sector collaboration among enterprises, financial institutions, and research entities resolves systemic bottlenecks, yielding a scalable "integrated ecosystem" model. The findings advocate for prioritizing technological innovation, spatial synergy, standardized frameworks, and adaptive financial tools to advance China’s hydrogen industry, offering actionable insights for global low-carbon transitions.

Keywords

Green Finance; Hydrogen Energy Industry; The Whole Industry Chain; Multi-Case Study; Shandong Hydrogen Into Ten Thousand

References

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