Article
Source: Comment Central
Article
08.31.23
The Inflation Reduction Act (IRA) has proven its ability to stimulate government as it allows billions of U.S. dollars’ worth of tax credits to be applied towards U.S. domestic renewable energy production, including hydrogen. In essence, the IRA has successfully incentivized the private sector.
According to an article authored by Finance counsel Victoria Judd, the interest is as much international as it is domestic. As a result, multiple jurisdictions have responded by revising their own incentives, including the UK, which announced their hydrogen strategy as an answer to the IRA.
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