DUBAI, Dec 6 (Reuters) – The U.S. will release guidance for how hydrogen producers can secure billions of dollars of subsidies embedded in last year’s Inflation Reduction Act sometime this year after the COP28 climate conference in Dubai, U.S. energy advisor John Podesta told Reuters on Wednesday.
Industry has been waiting anxiously for the guidance from the U.S. Treasury Department for months, as the administration debates whether to restrict the incentives to producers using new,
instead of existing, clean energy sources to prevent an uptick in emissions.
Asked when the guidance would be released, Podesta said he expected it before the end of the year, but not during the Nov. 30 to Dec. 12 COP28 summit.Hydrogen is a clean burning fuel that the Biden administration views as crucial to cleaning up hard-to-decarbonize industries like aluminum and cement. It is made by electrolyzing water and can be considered green if its production is powered by zero-emissions sources like solar, wind, nuclear or hydro.
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