article thumbnail

Statement in Response to Parliamentary Budget Office’s Costing of the Carbon Capture and Hydrogen Investment Tax Credits

Enviromental Defense

Statement by Julia Levin, Associate Director, National Climate Ottawa | Traditional, unceded territory of the Algonquin Anishinaabeg People – New analysis released today from the Parliamentary Budget Office (PBO) demonstrates that the Government of Canada is still intent on providing massive subsidies to fossil fuel companies.

2028 129
article thumbnail

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

Union of Concerned Scientists

Today, hydrogen is overwhelmingly produced through a heavily polluting fossil fuel-based process. But hydrogen can be cleanly produced and, with the right guardrails in place, that clean hydrogen can then be used to clean up polluting parts of the economy that can’t readily convert to running on renewable electricity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Boosting Michigan’s Energy Future with Regional Transmission Upgrades

Union of Concerned Scientists

Today, the regional entity overseeing much of the electric power grid in the Midwest—the Midcontinent Independent System Operator (MISO)—approved a set of major new transmission system upgrades that will bring billions of dollars in benefits to the region while better enabling states and utilities to pursue transitions to clean energy.

article thumbnail

PJM Interconnection Hears Testimony On Making Electricity Market Reforms To Address Nonperformance Of Natural Gas And Other Generators During Winter Storm Elliot; Transition To Clean Energy

PA Environment Daily

On August 23, the PJM Interconnection Critical Issue Fast Path Resource Adequacy stakeholder group heard testimony and suggestions on the issue of making electricity market changes to address nonperformance of natural gas and other generators during emergencies and events like Winter Storm Elliot in December. Read more here. Read more here.

article thumbnail

India prepares to ramp up clean energy capacity

A Greener Life

By Anders Lorenzen Tenders for 250 gigawatts (GW) of clean energy by 2028 are set to be unveiled by the Indian government, according to a government memo. India is looking to cut its emissions by 45% from 2005 levels by 2028. Coal currently accounts for over half of India ’s 412.2

article thumbnail

Senate Hearing: Wholesale Electricity Prices Too Low To Support Coal, Natural Gas Power Plants In Market; Natural Gas Reliability Issues Will Continue

PA Environment Daily

On May 1, the Senate Environmental Resources and Energy Committee was told the wholesale prices of electricity in the PJM regional electric grid are too low to support coal and natural gas power plants. Electric vehicle proliferation, just look at all the mandates related to electric cars.

article thumbnail

UCS Testimony on the Clean Hydrogen Production Tax Credit

Union of Concerned Scientists

UCS supports Treasury’s proposed temporal-matching requirement, with a phase-in of hourly matching by 2028 with no exemptions for legacy producers. Upstream methane emissions are a potentially substantial share of the overall emissions rate of fossil fuel-based hydrogen production facilities. Hourly matching.