July 19, 2024

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Treasury Drops a Hydrogen Bomb

1 min read

President Biden’s climate policy contradictions keep piling up. Witness the family feud that blew up late last week between the renewables lobby and green groups over the Biden Administration’s new proposed rules for the Inflation Reduction Act clean hydrogen tax credit.

The IRA created a new tax credit for producing clean hydrogen from low-emissions sources. The climate lobby envisions clean hydrogen someday replacing fossil fuels in airplanes, long-distance trucking, shipping, and steel and fertilizer manufacturing. The dispute is over how the government should define “clean.”

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2023-12-27 18:44:00

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