Published by Todd Bush on May 26, 2025
Environmental Defense Fund (EDF) warns that removing the 45V hydrogen tax credit could cost households an additional $32 billion over the next decade, severely harming economic growth and employment.
Analysis reveals the repeal could result in GDP losses up to $190 billion and eliminate up to 700,000 US jobs by 2035.
EDF has sharply criticized President Trump’s proposed repeal of the Inflation Reduction Act’s (IRA) Section 45V hydrogen production tax credit, warning it will cause a massive surge in household energy costs, damage economic growth, and eliminate hundreds of thousands of jobs.
Following the narrow 215-214 passage in the US House of Representatives of President Trump’s "One Big, Beautiful Bill," the EDF condemned the move, stating it undermines "an American-made energy boom while raising costs for businesses and families and increasing harmful pollution in communities across the country."
>> In Other News: Johnson Matthey to Sell Blue Hydrogen Business to Honeywell as Part of £1.8BN Deal
Detailed analysis by Energy Innovation underscores the severe consequences of a full repeal, forecasting an increase in cumulative household energy costs by $32 billion over the next decade and the addition of over 550 million tonnes of climate pollution. Furthermore, the repeal threatens to decrease US GDP by over $160 billion in 2030, rising to nearly $190 billion by 2035, potentially resulting in the loss of as many as 700,000 jobs nationwide.
States leading in hydrogen and clean technology projects, including Texas, California, Pennsylvania, Florida, and Georgia, face the most significant negative impacts due to combined job losses and rising household energy expenses.
Joanna Slaney, Vice President for Political and Government Affairs at the EDF, stressed: This bill is an ugly mess for companies and workers, families and communities.
The repeal also would dramatically limit the ability of new energy projects to come online. The US needs clean energy to meet growing demands, and solar and storage are adding energy to the grid faster than all other sources combined.
Slaney emphatically added, There’s nothing beautiful about it, directly referencing Trump’s bill.
According to the proposal, any hydrogen project starting construction after December 31, 2025, would lose eligibility for the 45V credit, effectively undermining its long-term value. Currently, the credit offers up to $3 per kilogram of hydrogen produced through 2033.
Industry leaders and hydrogen proponents have echoed EDF’s concerns, warning of a potentially devastating chilling effect on hydrogen sector growth should this repeal proceed.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⛽ Gevo Sells $70M in 45Z Credits to a New Kind of Buyer 🌱 South Pole, Gaïago, and Gold Standard Issue European Soil Carbon Credits, Unlocking Verified Regenerative Agriculture Re...
Inside This Issue ✅ Verra's CCS Credits Just Got the Integrity Seal Buyers Want 💰 South Korea Unveils $747 Billion Energy Transition Plan Through 2035 💧 Hydrogen and Carbon Capture and Storage in ...
Inside This Issue 🌲 ARC Bio Tests a Refinery Shortcut to Forest-Based SAF 💧 Scientists Just Found a New Way to Make Hydrogen from Water 🤝 How Channel Partnerships Are Helping More Organizations Ta...
Mineral Europa: A Game Changer for Shipping
Antwerp, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Antwerp, 9 October 2026 – CMB.TECH NV (“CMB.TECH” or the “Company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) today announces th...
Download PDF (170.95 KB) Eni CCUS Holding, owned jointly by Eni and Global Infrastructure Partners ("GIP"), part of BlackRock, announces that Liverpool Bay CCS has completed the installation of th...
First-of-its-kind project in France and Belgium marks a major breakthrough for carbon credit buyers seeking high-integrity, high-impact regenerative agriculture removals in Europe; providing buyer...
Gevo and ClimeFi Complete Carbon Removal Transaction, Advancing Gevo's Growing Carbon Business
Transaction supports Gevo's path toward a carbon business exceeding $30 million in annual revenue from existing operations ENGLEWOOD, Colo., Oct. 08, 2026 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: G...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.