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Biden attempts climate-friendly hydrogen tax plan

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Dec 22, 2023
Illustration of hydrogen molecules surrounded by dollar elements and abstract shapes

Illustration: Gabriella Turrisi/Axios

The Biden administration on Friday released its attempt at a climate-friendly approach to using the tax code to boost hydrogen fuel production.

Why it matters: Administration officials seek to address the irony that, without sufficient guardrails on curbing energy use in producing hydrogen, a boom in the new business could actually undermine progress on reducing carbon emissions.

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