cover image: THE HYDROGEN HUSTLE - How the Biden Administration can prevent another fossil fuel subsidy

20.500.12592/dv41v25

THE HYDROGEN HUSTLE - How the Biden Administration can prevent another fossil fuel subsidy

26 Mar 2024

Rampant Carbon Accounting Shell Games “Batching would give hydrogen producers the ability to pursue a wider range of operating modes” - Shell “While the independent verification or audit process and providers are in the early stages of development….[t]he Department should incentivize and enable the growth of independent verification services” - Project Canary PBC “...allow producers to use the dat. [...] Fossil Hydrogen Bait and Switch “Importantly, it is not the role of Treasury to establish or enforce any such rules on or relating to the generation of waste as a component of the 45V tax credit…The actual physical flow of the natural gas system may not directly place that unit with the hydrogen producer, but it will demonstrably offset the use of a physical natural gas molecule somewhere within t. [...] But even if the Biden Administration resists industry pressure to cut those guardrails, being marginally better than the LCFS does not negate the broader issues with a bait and switch, where the emissions of methane biogas production are undercounted to the point where fossil hydrogen is able to qualify for taxpayer subsidies. [...] Now polluters involved in the seven winning hydrogen hub proposals are attempting to use these projects as hostages to get the Biden Administration to weaken the hydrogen tax credit. [...] Constellation, the largest nuclear generator in the country and key partner in the MACH H2 Hub, is perhaps aware of the inevitable grid impact of nuclear hydrogen, as it argues that the inclusion of grid emissions in Treasury’s lifecycle analysis are a legal overstep.
Pages
8
Published in
United States of America