Washington, D.C. — In response to today’s announcement from the Department of the Treasury outlining final rules for receiving federal tax credits for clean hydrogen production, the League of Conservation Voters (LCV) issued the following statement from Vice President of Federal Policy and former EPA scientist, Matthew Davis:
“Today’s final rule represents a well-reasoned step from the Biden-Harris administration towards responsibly scaling up clean hydrogen in a manner that is targeted toward the hard-to-decarbonize industrial and transportation sectors. While we don’t support all of the changes made in the final rule, it will allow green hydrogen projects to move forward with confidence they will qualify for tax credits without increasing carbon pollution or families’ electricity bills. Done right and with the protections and certainty provided by this final rule, green hydrogen has the potential to create good jobs and deliver cost-saving benefits for our climate, our communities, and future generations. At the same time, it is critical for the deployment of clean hydrogen to significantly decrease or eliminate pollution in communities, especially communities historically excluded from economic development and disproportionately impacted by fossil fuel pollution.”
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