Energy & Environment Energy & Environment   The Big Story Biden loosens rules for hydrogen credits The Biden administration on Friday finalized fairly strict climate

The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less

Local proponents of the green fuel have been encouraged by the US government’s billions of dollars in tax credits which now come with fewer conditions attached.

Last year, the administration selected seven hydrogen hubs to receive up to $7 billion from the 2021 bipartisan infrastructure law. In mid-December, the Department of Energy launched environmental reviews for three of the hubs.

The gas will fail to reach price parity with conventionally made hydrogen in most regions, according to research firm BloombergNEF.

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future, but it will remain far more expensive than previously thought for decades to come, according to an estimate from BloombergNEF.

The guidance, which notably leans toward a less restrictive temporal matching approach for emissions accounting, faces an uncertain future with a looming Trump presidency.

Investing.com -- Shares in Constellation Energy (NASDAQ: CEG) and other nuclear power-focused companies experienced a rise following the Biden administration's decision to ease tax-credit rules for hydrogen production.

President Joe Biden's decision to block Nippon Steel's takeover of U.S. Steel cheered environmental advocates who said Nippon's deal was bad for the climate.

As his term in the Oval Office comes to a close, President Joe Biden deserves recognition for helping Democrats succeed in making technological investments that are combating climate change

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF.