Sen. Joe Manchin (D-WV) on Friday blasted the Treasury Department’s new tax credit system for hydrogen production, saying it will “kneecap” the fledgling market with undue restrictions.
“This administration cannot keep itself from violating the Inflation Reduction Act in their relentless pursuit of their radical climate agenda,” Manchin said. [emphasis, links added]
“Make no mistake, obstructing hydrogen development in our country is the shortsighted goal of the far-left advocacy groups who lobbied the administration for these restrictions because they oppose all energy sources other than solar and wind.”
The hydrogen tax credit “45V,” which was created by the 2022 Inflation Reduction Act, incorporates several proposed requirements suggested by environmentalists seeking to use subsidies to spur renewable energy production.
The proposed guidance determines the tax credit based on the amount of carbon emissions emitted through the hydrogen production process.
The credit for hydrogen production ranges from between 60 cents and $3 per kilogram of hydrogen, while the highest tax credits are limited to wind, solar, and other renewables built within the first three years of operation for a hydrogen facility.
The guidelines would also mandate hydrogen production to be matched annually with clean power generation until 2027, after which the credit criteria will switch to an “hourly matching” system.
“Today’s proposed rules on the IRA’s hydrogen production tax credit will only make it more difficult to jump-start the hydrogen market, which will be a critical part of our secure energy future,” Manchin said.
The centrist West Virginian has repeatedly gone after the Biden administration’s implementation of the IRA, legislation he co-authored, asserting that the White House is misinterpreting the intent of the law while kowtowing to environmentalists’ demands.
Manchin called the restrictions “particularly hypocritical” considering that the Biden administration “has bent, broken, and ignored the law again and again to make it easier to access electric vehicle tax credits.”
Read rest at Examiner
Back in the 1970s it was Global Cooling now its Global Warming that’s just one way to tell its total hoax its just liberal Globalists/Eco-Freaks wont want the truth to be known
Hydrogen is now the enemy?
HOW?
AND I demand an answer from cxkg POS BIDEN !
When you burn hydrogen you get water vapor and energy
I demand that A**H*** Biden and any of so-called scientists
to say otherwise
Hydrogen is NOT a pollutant
nor is it in any way including in its burning
a Greenhouse Gas
And BTW it’s time they admit there are no such things as
GREENHOUSE GASSES
and stop in general lying about the
GLOBAL WARMING MYTH AND LIE
You are correct in that burning hydrogen only produces water. The issue is generating hydrogen. Though it can be made by hydrolysis, the practical way is deriving it from natural gas. That releases carbon dioxide.
I don’t think it is good idea to use hydrogen as a fuel because storage requires pressures of 350–700 bar [5,000–10,000 psi]. This can not be safe.
To be technical, carbon dioxide is strong green house gas. However, its strongest effect is from 0 to 20 ppm. At are current concentration of 420 ppm, we are way beyond the saturation point of the gas so increasing the concentration will have negligible impact on warming.
You are correct David. Hydrolysis requires high electricity use to create significant hydrogen. We had an electrolysis plant on our nuclear subs to make oxygen but that is a very small amount compared to industrial levels (we bubbled the hydrogen overboard because there was no use for it and in fact is dangerous due to its volatility for burning). And to make the hydrogen via electrolysis requires millions of gallons of fresh water. Where is that going to come from?
Biden now passes Carter as Americas #1 Worst President and he seems very unlikely to end it