This story has been updated to include Air Products’ response to claims made in the report.
US carbon capture tax incentives could hand blue hydrogen producers millions in subsidies with no net cut to greenhouse gas (GHG) emissions, according to a new Institute for Energy Economics and Financial Analysis (IEEFA) report.
IEEFA labelled the current 45Q incentive structure a “lose-lose” for taxpayers and the environment, warning that it could “cost billions in subsidies” for “essentially zero environmental benefits” – particularly when applied to blue hydrogen projects.
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