Washignton, D.C. — Marty Durbin, President of the U.S. Chamber’s Global Energy Institute, issued the following statement today regarding the Treasury Department’s 45V hydrogen production tax credit:
“The proposed regulations released today by the Treasury Department on the clean hydrogen production credit will stunt the growth of a critical industry before it has even begun. In issuing these regulations, the White House failed to listen to its own experts at the Department of Energy who advocated for the type of flexible and balanced approach necessary to attract investment and stimulate demand for clean hydrogen.
“Unfortunately, the restrictions in the proposed regulations—which didn’t come from Congress—threaten to steer investment elsewhere, harming efforts to reduce emissions in hard-to-decarbonize industrial sectors. Ceding American leadership in this area would be a grave mistake. The Chamber will forcefully advocate during the public comment process for the flexibility needed to kickstart investment, create jobs and economic growth, and meet our decarbonization goals.”