Treasury Tax Credit Guidance Spurs Debate Over Hydrogen’s CO2 Effect

The Treasury Department’s implementation of new and expanded clean energy tax credits is providing a fresh venue for debates about the carbon accounting for federally backed hydrogen projects, with a think tank seeking “rigorous” rules that account for upstream emissions and ensure integrity of any renewable energy offset credits. The pitch by New York University’s Institute for Policy Integrity (IPI), in comments submitted earlier this month, tracks closely with arguments to the Department of Energy (DOE) as it develops a...