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(Bloomberg) -- Billions of dollars in hydrogen-industry subsidies from President Joe Biden’s signature climate law will come with stringent environmental safeguards, raising concerns that strict rules will stifle production of the nascent climate-friendly fuel. Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitTencent Leads $80 Billion Rout as China Rekindles Crackdown FearHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVilified Zero-Day Options Blam

The Treasury Department has released proposed guidance for a tax credit meant to spur investment into hydrogen, an energy source that emits no carbon emissions when burned. But the highly anticipated rules are sparking division within the sector, with many asserting the department’s stringent requirements will hinder the industry from taking off, while others cheered the strict criteria as promoting the “cleanest” form of hydrogen production.

Billions of dollars in hydrogen-industry subsidies from President Joe Biden’s signature climate law will come with stringent environmental safeguards, raising concerns that strict rules will stifle production of the nascent climate-friendly fuel.

"I believe in United Way to the depths of my heart. They do so much good for the community," the winner said, becoming emotional.

Isle of Wight global superstars Wet Leg have been announced alongside a flurry of high-profile acts for next summer's Victorious Festival in Southsea.