Congress Eyes $235 Billion in Clean Energy Subsidies. Here they are.

October 27, 2021

Congress has a long-standing aversion to climate policy. Cap and trade saw a spectacular death in 2010. A plan to pay utilities for selling more clean electricity was axed this month. And proposals to tax carbon dioxide emissions never had a chance.

But there is one major exception to lawmakers’ reluctance to tackle greenhouse gases: clean energy subsidies.

The reconciliation bill would provide a $3-per-kilogram tax credit for hydrogen production using renewables. A reduced credit would be available to other technologies using natural gas with carbon capture, and nuclear facilities. In total, the clean hydrogen credits are worth $9 billion over a decade.

Read more here.

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