The Brazilian Federal Government has enacted Law No. 14.990/2024 to establish the Low-Carbon Hydrogen Development Program (PHBC), aligning with international initiatives like the US Inflation Reduction Act and REPowerEU. PHBC aims to support the development of low-carbon hydrogen and renewable hydrogen, energy transition actions, and decarbonization of hard-to-abate sectors like fertilizers and steel. Tax credits under PHBC will be granted to projects producing low-carbon hydrogen in Brazil, promoting competitiveness. The program sets criteria for project eligibility, annual limits for tax credits, and a competitive process to allocate credits efficiently. Additionally, penalties are in place for non-compliance with project implementation. PHBC focuses on reducing greenhouse gas emissions and developing a national value chain for low-carbon hydrogen, emphasizing the importance of industry diversification and environmental sustainability.