Why the hydrogen tax credit has become a lightning rod for controversy
Publishing timestamp: 2023-10-13 12:03:39
Summary
The article discusses the debate surrounding the implementation of hydrogen production tax credits included in the Infrastructure Investment and Jobs Act (IRA). The Treasury is responsible for determining how the tax credit will be implemented, specifically regarding the accounting of electricity used to produce hydrogen. The divide between different stakeholders represents a larger ideological fault line about how the United States should build its clean economy. The article explores the importance of ensuring that hydrogen production is truly clean and discusses different perspectives on how to achieve this. The outcome of the debate could set precedents for how the government verifies clean electricity inputs and could impact the growth of the hydrogen industry.
Sentiment: MIXED
Keywords: business news, nextera energy inc, politics, duke energy corp, climate, oil and gas, breaking news: politics, environment, air products and chemicals inc, united states, pollution,
Source: https://www.cnbc.com/2023/10/13/why-ira-hydrogen-tax-credit-is-lightning-rod-for-controversy.html