Friend,
My name is Craig Segall, and I'm honored to join the Evergreen team as vice president of policy. As I roll up my sleeves and get to work here in our collective fight for a thriving and inclusive clean energy future, I wanted to let you know about an upcoming IRS decision that could create a "doom loop" for climate.
Here's what’s at stake: If new IRS guidance on the hydrogen tax credit within the Inflation Reduction Act (IRA) isn't clear about what makes hydrogen truly "clean," billions of dollars in taxpayer money meant to speed up the clean energy transition could instead go towards increasing climate pollution.
Fossil fuel industry lobbyists are dominating the conversation, which is why climate activists like you need to be even louder.
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Hydrogen, used right, can help us decarbonize entire industrial sectors. But if we produce it with dirty fossil power, it can increase carbon pollution emissions by hundreds of millions of tons. Done correctly, the new hydrogen energy should instead lift up clean power and help shut down fossil power—but that all depends on how IRS defines "clean" hydrogen in the fine print. We can't let death and taxes come for the grid. Submit a comment right now to make sure that IRS does not undercut our race for clean energy. |
Onward, Craig Segall Vice President of Policy
Evergreen Collaborative |