The Biden administration unveils final rules for subsidizing hydrogen power amid debate over how green the fuel should be.
The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel.
One of the most powerful parts of President Joe Biden’s signature climate law was designed to attract support from such a wide array of industries that it would be hard for Congress to repeal. Now, that theory is about to be tested.
Hydrogen projects had been waiting for the rules, which determine what ventures are eligible for incentives under the 2022 Inflation Reduction Act.
The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.
The Biden administration on Tuesday released guidance to help companies secure clean energy tax credits under the 2022 Inflation Reduction Act, finalizing a program to extend subsidies long available for wind and solar to other low carbon sources.
The tax credit created by President Joe Biden’s signature ... a global leader in truly green hydrogen,” John Podesta, senior climate adviser to Biden, said in a statement.
Despite its regulatory future in limbo as the clean energy industry awaits potential shakeups when Trump returns to the White House, Bosch is still working to make hydrogen a
The tax credit created by President Joe Biden’s signature ... a global leader in truly green hydrogen,” John Podesta, senior climate adviser to Biden, said in a statement.
Also on the chopping block are President Joe Biden’s climate policies, which are estimated to yield as much as $468 billion. That includes Trump’s repeated promise to repeal Biden’s “EV mandate,” as well as discontinuing “Green New Deal” provisions from the bipartisan infrastructure law and green energy grants from the IRA.
The Verge spoke with White House national climate adviser Zaidi this week about what he sees ahead for clean energy technologies and where there might still be room for progress. This interview has been edited for length and clarity.
Last year set a record for high temperatures across the mainland United States, with the nation also pummeled by a barrage of tornadoes and destructive hurricanes, the National Oceanic and Atmospheric Administration said in a report Friday.