Biden Administration's Clean Hydrogen Strategy Faces Policy Uncertainties and Investment Hurdles

Electric VehiclesHigh Tech / High TouchAmerican PoliticsHot Spots
Written By Jennifer Joslyn

Biden administration's ambitious clean hydrogen strategy aims to increase domestic production by 400% in less than 30 years. However, uncertainties surrounding related policies and pressure to impose strict limitations on the clean hydrogen tax credit pose challenges for large-scale investments in the sector, hindering the path to a clean economy. Clean hydrogen, seen as crucial for decarbonization, remains expensive compared to fossil fuels, and the effectiveness of the clean hydrogen tax credit needs to be ensured to enable significant investments and achieve decarbonization goals.

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Jennifer Joslyn
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