The Treasury Department is working on finalizing rules for the clean hydrogen tax credit, also known as 45V, with the aim of incentivizing the widespread production of hydrogen fuel to reduce greenhouse gas emissions across various sectors. The tax credit was introduced in the Inflation Reduction Act of 2022 and offers up to $3 per kilogram for hydrogen produced with low lifecycle greenhouse gas emissions. Stakeholders in the industry have expressed concerns about the proposed rules, citing potential uncertainties that could slow down or halt new projects. Industry bodies like the NAM and the Department of Energy have urged for flexibility in the rules to encourage long-term investments and provide clarity on the eligibility criteria, particularly for legacy energy sources and renewable natural gas. The NAM Director of Energy and Resources Policy emphasized the significance of accurate guidance to support companies in lowering their carbon intensity and to ensure the growth of the nascent clean energy industry fueled by hydrogen. The importance of hydrogen in the clean energy economy is highlighted, with experts stressing the need for precise guidance to prevent any setbacks in the industry's development and to maximize the potential of hydrogen as a transformative energy source.