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The U.S. credit is the most generous in the world for hydrogen production, Jesse Jenkins, a professor at Princeton University who has analyzed the U.S. climate law, said last week.
WASHINGTON -- The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fueled power.
The plan outlines a tiered system, with cleaner energy projects receiving more, and smaller credits going to those that use fossil fuel to produce hydrogen.
The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fuel power.
A long standing pattern of letting livestock producers off the hook continues, even as billions pour into the industry.