Treasury Drops a Hydrogen Bomb

President Biden’s local weather coverage contradictions hold piling up. Witness the household feud that blew up late final week between the renewables foyer and inexperienced teams over the Biden Administration’s new proposed guidelines for the Inflation Discount Act clear hydrogen tax credit score.

The IRA created a brand new tax credit score for producing clear hydrogen from low-emissions sources. The local weather foyer envisions clear hydrogen sometime changing fossil fuels in airplanes, long-distance trucking, delivery, and metal and fertilizer manufacturing. The dispute is over how the federal government ought to outline “clear.”