Modern trends in the global energy market linked to the Sustainable Development Goals often lead to the adoption of political decisions with little basis in fact. Stepping up the development of renewable energy sources is an economically questionable but necessary step in terms of its social and ecological effects. However, subsequent development of hydrogen infrastructure is, at the very least, a dangerous initiative. In connection with mentioned above, an attempt to examine hydrogen by conducting an integral assessment of its characteristics has been made in this article. As a result of the research conducted, the following conclusions concerning the potential of the widespread implementation of hydrogen in the power generation sector have been made: as a chemical element, it harms steel structures, which significantly impedes the selection of suitable materials; its physical and volume characteristics decrease the general efficiency of the energy system compared to similar hydrocarbon solutions; the hydrogen economy does not have the necessary foundation in terms of both physical infrastructure and market regulation mechanisms; the emergence of widely available hydrogen poses a danger for society due to its high combustibility. Following the results of the study, it was concluded that the existing pilot hydrogen projects are positive yet not scalable solutions for the power generation sector due to the lack of available technologies to construct large-scale and geographically distributed infrastructure and adequate international system of industry regulation. Thus, under current conditions, the risks of implementing such projects considerably exceed their potential ecological benefits.

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Modern trends in the global energy market linked to the Sustainable Development Goals often lead to the adoption of political decisions with little basis in fact. Stepping up the development of renewable energy sources is an economically questionable but necessary step in terms of its social and ecological effects. However, subsequent development of hydrogen infrastructure is, at the very least, a dangerous initiative. In connection with mentioned above, an attempt to examine hydrogen by conducting an integral assessment of its characteristics has been made in this article. As a result of the research conducted, the following conclusions concerning the potential of the widespread implementation of hydrogen in the power generation sector have been made: as a chemical element, it harms steel structures, which significantly impedes the selection of suitable materials; its physical and volume characteristics decrease the general efficiency of the energy system compared to similar hydrocarbon solutions; the hydrogen economy does not have the necessary foundation in terms of both physical infrastructure and market regulation mechanisms; the emergence of widely available hydrogen poses a danger for society due to its high combustibility. Following the results of the study, it was concluded that the existing pilot hydrogen projects are positive yet not scalable solutions for the power generation sector due to the lack of available technologies to construct large-scale and geographically distributed infrastructure and adequate international system of industry regulation. Thus, under current conditions, the risks of implementing such projects considerably exceed their potential ecological benefits.

The 21st century is characterized not only by large-scale transformations but also by the speed with which they occur. Transformations—political, economic, social, technological, environmental, and legal-in synergy have always been a catalyst for reactions in society. The field of energy supply, like many others, is extremely susceptible to the external influence of such factors. To a large extent, this applies to remote (especially from the position of energy supply) regions. The authors outline an approach to justifying the development of the Arctic energy infrastructure through an analysis of the demand for the amount of energy consumed and energy sources, taking into account global trends. The methodology is based on scenario modeling of technological demand. It is based on a study of the specific needs of consumers, available technologies, and identified risks. The paper proposes development scenarios and presents a model that takes them into account. Modeling results show that in all scenarios, up to 50% of the energy balance in 2035 will take gas, but the role of carbon-free energy sources will increase. The mathematical model allowed forecasting the demand for energy types by certain types of consumers, which makes it possible to determine the vector of development and stimulation of certain types of resources for energy production in the Arctic. The model enables considering not only the growth but also the decline in demand for certain types of consumers under different scenarios. In addition, authors’ forecasts, through further modernization of the energy sector in the Arctic region, can contribute to the creation of prerequisites that will be stimulating and profitable for the growth of investment in sustainable energy sources to supply consumers. The scientific significance of the work lies in the application of a consistent hybrid modeling approach to forecasting demand for energy resources in the Arctic region. The results of the study are useful in drafting a scenario of regional development, taking into account the Sustainable Development Goals, as well as identifying areas of technology and energy infrastructure stimulation.