The Treasury Department has released proposed guidance for a tax credit meant to spur investment into hydrogen, an energy source that emits no carbon emissions when burned. But the highly anticipated rules are sparking division within the sector, with many asserting the department’s stringent requirements will hinder the industry from taking off, while others cheered the strict criteria as promoting the “cleanest” form of hydrogen production.
Biden s strict climate-subsidy rules ignore industry concerns (NYSE:BP) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Biden administration unveils hydrogen tax credit plan to jump-start industry ksut.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksut.org Daily Mail and Mail on Sunday newspapers.
Billions of dollars in hydrogen-industry subsidies from President Joe Biden’s signature climate law will come with stringent environmental safeguards, raising concerns that strict rules will stifle production of the nascent climate-friendly fuel.