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John Podesta, senior adviser to President Biden on international climate policy.
US Policy
Tom Young
7 January 2025
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US finalises hydrogen tax credit rules

A greater number of projects will be eligible for 45V tax credits following a long period of industry consultation

The US Treasury has released final rules for the section 45V hydrogen production tax credit established by the 2022 Inflation Reduction Act (IRA). The long-awaited rules clarify the eligibility of producers of blue, green and pink hydrogen—as well as hydrogen from renewable natural gas (RNG) and coal-mine methane—to receive the credits, which are the nation’s primary financial incentive for supporting low-carbon hydrogen production. The level of tax incentive received by a project is dependent on the amount of greenhouse gases (GHGs) released during the hydrogen production process, including by the generation of any electricity used to power electrolysers. There are four tiers to the incenti

Also in this section
Germany eyes blue hydrogen as cabinet backs CCS
7 August 2025
Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
Letter on hydrogen: Drill, baby, drill
6 August 2025
The US state of Kansas is emerging as a hotspot for a growing number of gold hydrogen prospectors
An end to EU green illusions
6 August 2025
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
BP exits $55b Australian green mega-project
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects

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