The IRS is working on rules to implement the Section 45V tax credit for green hydrogen. Lots of people want to help it do its job.
readers instinctively flinch when the subject of hydrogen comes up. We know in many cases it is just a stalking horse for fossil fuel companies who want to sell more coal or methane gas. Hydrogen made from methane or coal has no environmental benefits.The conversion process emits far more carbon emissions than the hydrogen can ever possibly offset.
That’s why environmentalists and even some in the energy industry have coalesced around a new requirement known as “additionality.” That provision would require hydrogen producers to not just use clean energy, butThe administration says it is considering the provision carefully. “It’s a really important consideration, and it’s something that I know we’re weighing,” Energy Secretary Jennifer Granholm said of additionality in June.
Manchin, of course, is vital to Democrats controlling the Senate. He will be facing a challenge from West Virginia governor Jim Justice next year, so he doesn’t want to alienate voters in his state. That’s one reason why he has been a passionate supporter of the Mountain Valley pipeline that will transport methane gas through West Virginia to Virginia — assuming opponents don’t succeed in blocking it.
An aide to Delaware senator Tom Carper said it is critical that new hydrogen production creates as few emissions as possible but that Treasury must also consider the ramifications of imposing strict guidelines on an industry that is just getting organized. “We have seen this with other industries that if you put so many hurdles in front of them, they never take off,” the aide said.
, a company that promotes renewable energy development throughout the world. Some of the wind farms he has helped bring to fruition are located in Ukraine and Morocco.
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