Treasury Drops a Hydrogen Bomb

null By The Editorial BoardDec. 27, 2023 6:44 pm ETJournal Editorial Report: Paul Gigot interviews Bjorn Lomborg on COP28. Images: AP/EPA Composite: Mark KellyPresident Biden’s climate policy contradictions keep piling up. Witness the family feud that blew up late last week between the renewables lobby and green groups over the Biden Administration’s new proposed rules for the Inflation Reduction Act clean hydrogen tax credit. The IRA created a new tax credit for producing clean hydrogen from low-emissions sources. The climate lobby envisions clean hydrogen someday replacing fossil fuels in airplanes, long-distance trucking, shipping, and steel and fertilizer manufacturing. The dispute is over how the government should define “clean.” Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersAvis: Holiday Double sale - Free upgrade + up to 35% off Avis coupon codeExpedia: $30 Off Expedia Coupon - Save Today!Booking.com: 15% OFF Boo

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Opinion Dec 28, 2023 Add to Reading List

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The Editorial Board

Dec. 27, 2023 6:44 pm ET

Journal Editorial Report: Paul Gigot interviews Bjorn Lomborg on COP28. Images: AP/EPA Composite: Mark Kelly

President Biden’s climate policy contradictions keep piling up. Witness the family feud that blew up late last week between the renewables lobby and green groups over the Biden Administration’s new proposed rules for the Inflation Reduction Act clean hydrogen tax credit.

The IRA created a new tax credit for producing clean hydrogen from low-emissions sources. The climate lobby envisions clean hydrogen someday replacing fossil fuels in airplanes, long-distance trucking, shipping, and steel and fertilizer manufacturing. The dispute is over how the government should define “clean.”