The 45V Hydrogen Tax Credit: Considerations for US Treasury Guidance
An RFF Live event exploring the implementation for the Inflation Reduction Act's 45V Hydrogen Tax Credit.
Event Details
The hydrogen tax credit in the Inflation Reduction Act (IRA) has the potential to provide significant support for electrolytic—or “green”—hydrogen and incentivize the use of hydrogen for decarbonization across the economy. How the US Department of the Treasury provides guidance for the types of projects that qualify for the credit will have significant implications for the course of hydrogen development (and the associated emissions) in the United States. This has led a wide range of groups to propose differing ways to implement the tax credit, particularly with respect to how hydrogen producers can claim to use clean electricity.
On Monday, July 31, Resources for the Future (RFF) hosted an expert panel discussion of the challenges in implementing the IRA’s 45V hydrogen tax credit and the implications of the choices that Treasury must make.
Speakers
- Marty Durbin, US Chamber of Commerce
- Jason Grumet, American Clean Power
- Nathan Iyer, Rocky Mountain Institute
- Kevin Rennert, Resources for the Future (Moderator)
- Paul Wilkins, Electric Hydrogen
- Shannon Wulf Tregar, Resources for the Future (Introduction)
