"Forthcoming rules for clean hydrogen tax credits need to be built on “three pillars” to ensure that hydrogen actually fights climate change instead of making it worse."
"It’s not often you get to write the rules to govern an entirely new industry. But that’s exactly what the Biden administration is set to do next week with proposed rules that will define what kinds of hydrogen production methods count as clean.
If recent reports on the leaked rules are correct, the Treasury Department is about to propose a framework that aligns with the best available evidence, protects consumers and the climate, and sets the right foundation for robust and durable growth of the U.S. clean hydrogen sector.
At stake is who gets to claim the most generous subsidy for clean hydrogen production in the world — and whether that “clean” hydrogen is truly clean, or an exercise in greenwashing that could cost the American taxpayer hundreds of billions of dollars while increasing CO2 emissions by hundreds of millions of tons."
Jesse D. Jenkins reports for Canary Media accessed December 12, 2023.
SEE ALSO:
"‘Green’ Hydrogen Debate Heats Up Ahead Of Tax-Credit Decision" (Canary Media)
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