The Biden administration has unveiled plans to provide billions of dollars in tax credits for clean hydrogen energy, aiming to support its growth and dominance in the global market. However, details of these incentives highlight several barriers hindering the green fuel’s widespread adoption.
The 2022 tax credit approval is a crucial component of President Joe Biden’s climate agenda, set to promote the use of climate-friendly hydrogen in industries such as cement production, aviation, and more. The incentives are estimated to be worth tens of billions of dollars, with potential benefits including reduced greenhouse gas emissions and increased energy security.
Despite these ambitions, several challenges persist, casting doubt on the long-term success of this initiative. As the US aims to lead the transition to clean hydrogen energy, it must address pressing concerns surrounding cost, scalability, and environmental impact to ensure its vision for a sustainable future becomes a reality.
Source: https://www.washingtonpost.com/business/2025/01/03/green-hydrogen-climate-fossil-fuels