Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
Investment in hydrogen energy infrastructure is a promising way to achieve low-carbon and sustainable development. We provide a comprehensive assessment on the economic impact of hydrogen refueling stations (HRSs) based on the geocoded information on HRSs and housing transaction records from 2014 to 2023 in China. Our study reveals that establishing a HRS significantly lowers the transaction prices of surrounding housing within 1.4 km. Furthermore, the construction of a HRS significantly reduces housing prices by 7.65 %, mostly caused by the first constructed station. HRSs in areas with high population density have a greater negative impact on housing prices. Higher levels for environmental awareness among residents and government alleviate negative impacts. Visual exposure may exacerbate residents’ negative perceptions, prompting some individuals to relocate due to perceived uncertainty surrounding the HRS, thereby contributing to a decline in housing prices. Our results provide significant policy implications for appropriate intervention strategies to alleviate HRS-driven externalities.