Blue hydrogen more likely to be a winner than green under US IRA
by Zuzanna Jurek, Global Energy Infrastructure Hydrogen Team When the Biden administration announced the Inflation Reduction Act (IRA) in August 2022, many welcomed it as a step towards a green rush in the US. Commentators saw the prospect of clean energy system spreading across the states and celebrated how competitive it would make the US with the EU. Fast forward ten months, and Biden’s green push looks increasingly grey. The financial incentives provided under the IRA looked promising. Without a spending cap in place, the most conservative prognosis for estimate a c. $400bn of investment clean energy infrastructure, delivered primarily through tax incentives (McKinsey, 2022). Som
Comments