Treasury Pledges Upcoming Rules For Renewable Gas-Produced Hydrogen

The Treasury Department as part of its recent proposal to implement the Inflation Reduction Act’s (IRA) clean hydrogen tax credit is pledging to develop specific rules for encouraging hydrogen production with renewable natural gas (RNG) or “fugitive” methane, seeking input on an array of questions relevant to such emissions accounting. The process comes as Treasury’s late-December proposal for implementing the “section 45V” credit is seen as in line with calls by environmentalists and some in industry for stringent greenhouse gas...