The new hydrogen tax credits could revolutionize how clean energy is counted
- Jillian Newhard
- Jan 9, 2024
- 1 min read
Updated: Jan 29, 2024
Canary Media
The tax-credit rules for clean hydrogen proposed by the Biden administration last month have a specific purpose: to drive the development of a brand-new source of carbon-free fuel for long-term decarbonization needs, ultimately decreasing carbon emissions.
But it turns out that one of the new structures needed to underpin the rules will be important well beyond the hydrogen sector — it will help further the clean energy transition more broadly.
