"The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less stringent than the administration’s original proposal.
The final rule issued by the Treasury Department on Friday determines which facilities can qualify for lucrative tax credits for hydrogen energy.
The tax credits are seen as an important piece of the Biden administration’s climate agenda since hydrogen power could be an important tool to lower carbon emissions from industries like aviation, steel and cement — whose emissions are particularly difficult to eliminate.
The tax credits are key for making hydrogen from low- or no-emitting sources economically viable."
Rachel Frazin reports for The Hill January 3, 2025.
SEE ALSO:
"Finalized Tax Credit For Cleaner Hydrogen Gets A Cautious OK From Some Environmental Groups" (AP)
"Biden Loosens Rules for Hydrogen Subsidies Worth Billions" (Bloomberg)
"After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies" (New York Times)
"What A Trump Administration Means For The Federal Hydrogen Energy Push" (Daily Climate)
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