Statement in Response to Parliamentary Budget Office’s Costing of the Carbon Capture and Hydrogen Investment Tax Credits
Enviromental Defense
FEBRUARY 1, 2024
The PBO estimates that these two tax credits will collectively provide over $11 billion to carbon capture and hydrogen projects by 2028. Though the PBO was not able to release information on the specific projects, the majority of the projects that have been proposed to date are in the energy sector.
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