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ACORE Statement on Biden Administration’s Proposal for Guidance on Clean Hydrogen Production Tax Credit
WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released proposed guidance today on the Section 45V Production Tax Credit for clean hydrogen. Following is a statement From Ray Long, President and CEO of the American Council on Renewable Energy (ACORE):
“While we’ve been eagerly awaiting the Administration’s proposal on 45V guidance for the clean hydrogen Production Tax Credit (PTC), we are concerned with the lack of flexibility in the proposed rule and the impact it may have in jump-starting a hydrogen industry at scale. As our analysis with E3 demonstrated, an annual match accounting approach could help unleash America’s nascent clean hydrogen industry and accelerate our energy transition. ACORE will continue to work with the Administration throughout this comment period, and we remain hopeful the final rule ultimately released has the needed flexibility to support the scale and role that hydrogen can play in achieving our decarbonization goals.”
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About ACORE:
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)
Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)
The post ACORE Statement on Biden Administration’s Proposal for Guidance on Clean Hydrogen Production Tax Credit appeared first on ACORE.
https://acore.org/news/acore-statement-on-biden-administrations-proposal-for-guidance-on-clean-hydrogen-production-tax-credit/
Renewable Energy
Real Estate: Supply and Demand
About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.
My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country? Do you think that would forward your career and your overall life satisfaction?” She had a point, to be sure.
Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations. Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.
People don’t come here for the wide-open freeways. We’re here for the beauty, the sophistication of so many people, highly educated people, and unparalleled business opportunities.
There’s a reason that Google, Oracle, Apple, Nvidia, Adobe, Salesforce, Facebook, Visa, Wells Fargo, Disney, etc. aren’t located in Arkansas or Louisiana.
Renewable Energy
When You’re Addressing Idiots You Can Get Away with a Lot
At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini. What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+ authoritarian regimes around the world?
Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.
It’s a great moment of opportunity for Fetterman.
Renewable Energy
Carl Sagan and the Suppression of Uncomfortable Ideas
Seminal astrophysicist Carl Sagan explains why uncomfortable ideas may be banned in religion, they must not be shunned in science.
This is an important concept in American life today, as conspiracy theorists are convinced that climate change denial cannot be considered in scientific circles.
I happened to bring this up in my interview with Dr. V. Ramanathan of the Scripps Institution, who has been amassing data on global warming since the 1970s. He laughed, and explained, “If I could prove that human activity was not causing temperatures to rise, I’d be be one of the wealthiest and most famous scientists in world history.”
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Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
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Greenhouse Gases2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
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Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
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Climate Change2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
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Renewable Energy1 year agoSending Progressive Philanthropist George Soros to Prison?
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Greenhouse Gases1 year ago
嘉宾来稿:探究火山喷发如何影响气候预测
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Climate Change2 years agoAnalysis: China’s CO2 falls 1% in Q2 2024 in first quarterly drop since Covid-19
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Climate Change1 year ago嘉宾来稿:探究火山喷发如何影响气候预测
