Environmentalists Seek Hydrogen Tax Credit Limits, Fearing GHG Increase

Environmentalists are reiterating calls for the Treasury Department to craft strong guardrails for the Inflation Reduction Act’s (IRA) hydrogen production tax credit, arguing that a failure to do so risks rewarding fuels that produce more greenhouse gases than what they replace and a potentially huge emissions increase in the coming years. Environmentalists have long favored “green” hydrogen produced via electrolysis that is powered by zero-carbon energy -- compared to “grey” hydrogen made via traditional fossil fuel-based methods or “blue” hydrogen...