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The Future of Clean Energy: Insights from Michael Liebreich

Inevitable

CHAPTER

The Protectionist Potential Problem in the US

The idea that you sort of bring something into the US, recycling, and then re-export it and that you get these credits, I would be very careful with that. The fundamental driver of the economics is that to get one kilo of hydrogen in Europe, he has to create two kilos over in the U.S., which means a thousand dollars per ton of carbon CO2 avoided. And I wonder if I was a policymaker in the US, I'd be going, why are we giving what is effectively six dollars per kilo in Europe? You have six dollars of tax break in theUS, and more for the carbon capture.

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