45V Hydrogen Tax Credits - Episode 59

01/08/24 • 8 min

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Just before Christmas, the US Treasury and IRS issued rules on how certain tax credits in the Inflation Reduction Act should be considered. These 45V tax credits are critical to the growth and evolution of the hydrogen industry, but not everyone agrees on how these credits should be managed. Should they prioritize growth of a needed carbon-free fuel industry? Or should they ensure that dirty, fossil fired power stations aren't powering staying operational longer than needed?
In this episode, Paul outlines the issues at stake and the resultant ruling laid down by Treasury on these credits. As the climate industry ramps up new and important technologies such as hydrogen, carbon capture and others - these wonky debates on business models, value chains and tax implications are going to be increasingly important.

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California's New Carbon Accounting Law (Catherine Atkin - Carbon Accountable) - Episode 58

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For the full interview, check out our sister podcast, More Than Eight Minutes:
https://www.buzzsprout.com/2129384/14155297

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Eight Minute Climate Fix - 45V Hydrogen Tax Credits - Episode 59

Transcript

Speaker 100:00:04.051

This is 8 minutes a podcast helping you understand the energy and climate challenge . In just a few minutes I'm your host , Paul Schuster , Lost in the holiday rush with some news from the US Treasury . Last month , Right before Christmas , the department dropped long-awaited rules on how they planned on handling tax credits for new hydrogen projects . All right , I know that a podca