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Proposed Electrolyzer Requirements for the Hydrogen Tax Credit: Strengths and Risks

Union of Concerned Scientists

The tax credit, passed as part of 2022’s Inflation Reduction Act, provides a generous incentive for the production of clean hydrogen. Today, hydrogen is overwhelmingly produced through a heavily polluting fossil fuel-based process. Otherwise, hydrogen will slow the clean energy transition, not speed it.

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TAXPAYER DOLLARS SHOULD NOT BE FUELING CLIMATE POLLUTION

Enviromental Defense

Fossil fuel subsidies are hurting us Subsidies and public financing to oil and gas companies: Harm our health : Governments are propping up an industry that is killing us. A recent report found that one in five premature deaths is caused by air pollution from burning fossil fuels. In Canada, that’s 36,000 people a year.

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Next Up for Massachusetts Building Emissions Reductions: Tackling the Clean Heat Challenge

Law and Environment

The report seeks to establish a framework for a long-term reduction in emissions from heating fuels, to align with the Commonwealth’s emissions reduction target of net zero by 2050 and the 2050 Decarbonization Roadmap.

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UCS Testimony on the Clean Hydrogen Production Tax Credit

Union of Concerned Scientists

From March 25 to March 27, 2024, the U.S. Department of the Treasury is hosting a public hearing on the December 2023 proposed regulations governing implementation of the Section 45V Credit for Production of Clean Hydrogen. Presented via telephone during the March 27, 2024, public hearing for Docket ID No. REG-117631-23.

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IRS Releases Guidance on SAF Tax Credit and Signals Forthcoming Revisions to GREET Model for Determining Lifecycle GHG Emissions Reductions

Law and Environment

On December 15, 2023, IRS published Notice 2024-06 , a brief but important guidance on Section 40B, the Inflation Reduction Act (“IRA”) tax credit for sustainable aviation fuel (“SAF”). The guidance establishes a safe harbor for SAF that generates RINs under the federal Renewable Fuel Standard program (“RFS”).

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RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossil fuels. Their inclusion appears to be the result of a political compromise with Member States rather than of scientific appraisal as in the case of nuclear energy.

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100+ Business, Religious, Community, Public Health, Elected Officials, Environmental Leaders: Pennsylvania Needs a Sustainable, Inclusive Economic Development Plan

PA Environment Daily

The number of supporters on this letter demonstrates the strength and breadth of public support for eschewing the Commonwealth's dependence on fossil fuels and for prioritizing an equitable transition to an economy fueled by clean energy and energy efficiency innovation.