New rules to get the tax credit for cleaner hydrogen could send billions to producers
Briefly

from Fast Company1 month ago
The Biden administration's final rules for hydrogen tax credits may effectively support clean hydrogen initiatives, yet environmentalists warn of loopholes favoring fossil fuel-based production.
Fast Companyhttps://www.fastcompany.com/91255108/new-rules-to-get-the-tax-credit-for-cleaner-hydrogen-could-send-billions-to-producers
Despite an ambitious aim to transition sectors like industrial manufacturing away from fossil fuels, some producers of dirty hydrogen could still benefit under the new tax credit rules.
Fast Companyhttps://www.fastcompany.com/91255108/new-rules-to-get-the-tax-credit-for-cleaner-hydrogen-could-send-billions-to-producers
The Treasury's final rule allows full tax credits for hydrogen made from natural gas with emissions captured, raising concerns among environmental advocates about the credibility of 'clean' hydrogen.
Fast Companyhttps://www.fastcompany.com/91255108/new-rules-to-get-the-tax-credit-for-cleaner-hydrogen-could-send-billions-to-producers
Wally Adeyemo emphasized that the act reflects a significant investment in clean hydrogen, supported by both Democrats and some Republicans, aiming to foster a green-energy transition.
Fast Companyhttps://www.fastcompany.com/91255108/new-rules-to-get-the-tax-credit-for-cleaner-hydrogen-could-send-billions-to-producers
Read at Fast Company
#hydrogen-production #tax-credit #clean-energy #environmental-policy #bipartisan-support
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