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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
Why Are We Doing This?
I join those who say that the human race has evolved to be tribal and selfish. We are largely indifferent to the needs of others, and the capitalist society we’ve built has only served to reenforce this.
As Tom Waits observed, “We’re monkeys with money and guns.”
Now, are there some extremely decent and kind people spread around the globe? Of course. But they tend not to be the billionaires who make all the important decisions as to the how our culture will conduct itself.
Renewable Energy
Is ir Possible that Republicans “Will Never Win Again?”
Well, never is a long time, as they say.
Yet imagine this scenario, which is quite possible:
Trump is impeached and removed. Almost immediately, there is an incredible outpouring of information on an additional set of crimes committed by Trump and his administration. Simultaneously, the U.S. morphs into a social democracy, and its people enjoy quality education, access to healthcare, and prosperity, not unlike those in Northern Europe and elsewhere around the globe.
Yes, there will always be Republicans promising mass deportations and whatever else appeals to a dwindling MAGA base, but I would think they will have one hell of a hard time winning a national election.
Renewable Energy
Republican Platform Fraught with Credibility Challenges
The GOP can say the American economy is skyrocketing. But then there’s that nasty little piece of reality that people can’t afford groceries and are suffering financially more generally.
Or they can day that people are suffering financially, but it’s Biden’s fault. Oops. Biden left office 588 days ago.
Or they can say that the war in Iran has driven up gas prices, but that will turn immediately because we’ve won the war. Yikes. What can we say about all these bombs?
Or they can say that all the racial hatred and divisiveness is Obama’s fault. No, that’s problematic, since he’s been gone for almost 10 years.
Trump supporters may not be too sharp, but even they are having trouble accepting all this crap.
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