EDF on IRA repeal: “There’s nothing beautiful about it”
The Environmental Defense Fund (EDF) has warned that repealing the Inflation Reduction Act’s (IRA) broad suite of clean energy tax credits, including the 45V hydrogen production tax credit, could drive up household energy costs, hinder job creation, and increase harmful pollution across the US.
Yesterday, the US House passed President Trump’s “One Big, Beautiful Bill” — a tax and spending package that includes the repeal of the IRA’s Section 45V hydrogen tax credit. The 215-214 party-line vote sends the bill to the Senate for further debate.
EDF criticised the legislation, stating that it undermines “an American-made energy boom while raising costs for businesses and families and increasing harmful pollution in communities across the country.”
Analysis from Energy Innovation has found that a full repeal would increase cumulative household energy costs by $32bn over the next decade and add more than 530 million tonnes of climate pollution. Furthermore, it could decrease GDP by more than $160bn in 2030 and nearly $190bn in 2035, while potentially costing the US up to 700,000 jobs.
... to continue reading you must be subscribed
Subscribe Today
To gain access to this article and all our other content, you will need to subscribe to H2 View.
From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.
