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Is Portugal's tax framework ready for the hydrogen economy? | International Tax Review


Portugal has large-scale objectives for the green hydrogen economy
Hydrogen is enjoying renewed and rapidly growing attention in Europe and around the world. Hydrogen can be used as a feedstock, a fuel or an energy carrier and storage, and has many possible applications across industry, transport, power and buildings sectors.
However, hydrogen does not exist in nature in its pure state, so it must be obtained through energy-consuming processes, to then be utilised in many ways, either in direct combustion or in fuel cells.
The most common processes for producing electricity from hydrogen are:
Reforming: it works by applying high temperatures where the steam reacts with a hydrocarbon fuel (natural gas, diesel or coal) to produce hydrogen (the so-called ‘grey hydrogen’). Today, about 95% of hydrogen is produced through vapour from natural gas; and ....

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