Reported 2 days ago
The Biden administration has finalized rules for a tax credit aimed at supporting cleaner hydrogen production, which has received cautious support from environmental groups. While the credit could help reduce greenhouse gas emissions by incentivizing alternatives to fossil fuels in hard-to-decarbonize sectors, concerns remain about loopholes that might benefit producers of less clean hydrogen. The new system, part of the Inflation Reduction Act, aims to facilitate the transition to cleaner energy but may face challenges in effectively tracking emissions.
Source: YAHOO