The Biden administration finalized its plan to offer billions in tax credits to promote clean hydrogen production, crucial for reducing emissions and combating climate change.
David Turk noted that clean hydrogen is vital for decarbonizing multiple sectors, including industry and transportation, highlighting its importance in the transition to sustainable energy.
The Treasury Department's final guidelines make it easier for companies to claim tax credits for clean hydrogen, which could amount to tens of billions over the next decade.
After extensive lobbying and public comments, the rules released seek to ensure that clean hydrogen, produced from renewable sources, becomes a key player in addressing climate change.
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