A bill has been introduced to the Senate for hydrogen tax credits
Carbon price would make hydrogen viable – Wood Mackenzie
Accelerating development of low-carbon hydrogen before 2030 would require carbon prices above $60/t
A US carbon price of $40-60/t would make some forms of low-carbon hydrogen commercially viable by 2030, according to consultancy Wood Mackenize. Accelerating the development of the fuel faster than that would require even stronger carbon prices—potentially as high as $150/t for green hydrogen in heavy industrial applications. But putting in place a national carbon price would be politically challenging in the US and is not an idea the Biden administration has advocated. “Support for low-carbon hydrogen may have to come from multiple sources” Wood Mackenzie This means that support for low-carbon hydrogen will have to come from various different places, according to Wood Mackenize. “Su
Also in this section
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Inclusion of funding in government’s budget ends uncertainty over support for 11 electrolytic projects
25 October 2024
Investors in hydrogen, CCUS and other energy transition technologies face uncertainty over the outlook for government support after November’s presidential election
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar
