Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Environment > This Hydrogen Tax Loophole Would Spike Carbon Emissions–But it’s Not Too Late. 
Environment

This Hydrogen Tax Loophole Would Spike Carbon Emissions–But it’s Not Too Late. 

Last updated: October 5, 2024 1:41 pm
Share
This Hydrogen Tax Loophole Would Spike Carbon Emissions–But it’s Not Too Late. 
SHARE

The importance of clean hydrogen production cannot be overstated in the current clean energy transition. The Section 45V Clean Hydrogen Production Tax Credit, established as part of the 2022 climate investment law, aims to incentivize the shift towards cleaner methods of hydrogen production. However, there are concerns about how this tax credit is being implemented and whether it will truly lead to reductions in carbon emissions.

One of the key issues with the current framework is ensuring that electrolytically produced hydrogen is truly clean. This involves verifying that the electricity used to power the electrolyzer is carbon-free and does not inadvertently lead to increased emissions elsewhere on the electric grid. The three-pillars framework proposed by the Treasury in December 2023 aims to address these concerns by requiring that the electricity used be additional, deliverable, and time-matched.

Despite the clear benefits of this approach, there are vested interests lobbying for exemptions that would allow existing carbon-free generation to be counted as eligible resources. However, this could have detrimental effects, such as increased reliance on gas and coal-fired power plants, higher electricity prices, and a slowdown in the transition to clean energy.

It is crucial that Treasury does not bow to these bad-faith attacks and maintains high-integrity standards in the implementation of the 45V tax credit. The future of our clean energy transition depends on getting these policies right from the start and driving investments in projects that align with our climate goals. By upholding the three-pillars framework and resisting pressure to weaken the rules, regulators can ensure that subsidized “clean hydrogen” truly lives up to its name and contributes to a sustainable future.

See also  Homeowners affected by the 2023 Maui wildfires: Here’s how to keep and rebuild your home
TAGGED:CarbonEmissionsButhydrogenLateLoopholeWouldspiketax
Share This Article
Twitter Email Copy Link Print
Previous Article Stunningly Preserved Bones of Extinct Caribbean Monkey Found by Divers : ScienceAlert Stunningly Preserved Bones of Extinct Caribbean Monkey Found by Divers : ScienceAlert
Next Article The Dictator’s Incentives and Trade-Offs The Dictator’s Incentives and Trade-Offs
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Bette Midler Remembers Diane Keaton’s ‘Magical’ Spirit

Bette Midler shared heartfelt memories of her late First Wives Club co-star Diane Keaton following…

October 15, 2025

Cold front to spur tornado, flood threat along I-95 corridor as storms span East Coast

A cold front is set to trigger widespread precipitation and thunderstorms from New England down…

September 25, 2025

Your Friends Shape Your Microbiome—and So Do Their Friends

A recent study conducted in remote villages in Honduras has shed light on how social…

November 28, 2024

Titan 2 BlackBerry Smartphone Successor Due to Launch in 2025

Unihertz, a Chinese manufacturer of compact Android phones, has just announced the Titan 2, a…

June 26, 2025

Apple Boosts iPhone Trade-In Discounts in China to Reignite Lagging Sales

Apple Inc. (NASDAQ:AAPL) has recently announced a new initiative to boost sales in China by…

May 26, 2025

You Might Also Like

Guest Idea: How Communities Can View Real-Time Satellite Images to Respond to Natural Disasters
Environment

Guest Idea: How Communities Can View Real-Time Satellite Images to Respond to Natural Disasters

October 31, 2025
Trump officials say, ‘Alaska is open for business. No one’s buying.
Environment

Trump officials say, ‘Alaska is open for business. No one’s buying.

October 31, 2025
Waitrose ‘relies on animal welfare myths’
Environment

Waitrose ‘relies on animal welfare myths’

October 31, 2025
Good news! These ‘positive tipping points’ will help save the world
Environment

Good news! These ‘positive tipping points’ will help save the world

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?