The Biden Administration, through the U.S. Department of the Treasury and the IRS, has announced the final rules for implementing the 45V Credit for the Production of Clean Hydrogen. These rules are pivotal in determining the calculation of heat-trapping emissions associated with hydrogen production, thereby influencing the level of incentives that clean hydrogen projects can receive. The Union of Concerned Scientists emphasizes the significance of rigorous emissions accounting to ensure that incentives support genuinely low-carbon hydrogen initiatives. The administration's goal is to establish a robust foundation that aligns short-term incentives with the development of a sustainable hydrogen industry capable of facilitating the clean energy transition both presently and in the future. Despite pressure from certain industry players seeking loopholes in emissions accounting to maximize profits, the final rules decisively reject the most extreme of these loopholes. However, there are concerns that some highly polluting hydrogen projects could bypass accountability measures, particularly through the manipulation of carbon accounting. The commitment remains strong to guarantee that incentivized hydrogen projects are truly clean, evaluated based on their real climate, health, and environmental impacts to ensure the credibility and effectiveness of hydrogen as a clean energy solution.