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Finalized tax credit score for cleaner hydrogen will get a cautious OK from some environmental teams

WashingtonFinalized tax credit score for cleaner hydrogen will get a cautious OK from some environmental teams

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By JENNIFER McDERMOTT, Related Press

Revealed: January 3, 2025, 12:16pm

FILE – Staff work at a facility for the Norwegian firm Nel in Heroya, Norway, on April 20, 2023. (AP Photograph/Trond R. Teigen, File)

The Biden administration launched long-awaited last guidelines Friday for a tax credit score that may ship billions of {dollars} to producers of cleaner hydrogen.

The brand new guidelines drew cautious reward from environmental teams, who stated they might probably scale back planet-warming emissions however included loopholes that would nonetheless reward producers of soiled hydrogen.

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