Several clean fuels needed for combating climate change are now on the path to being cost-competitive with their fossil fuel equivalents thanks to the Inflation Reduction Act of 2022, Princeton researchers have found.
The landmark piece of legislation established an unprecedented set of financial incentives for deploying low greenhouse gas emissions technologies, including ones to promote the production of low-carbon hydrogen and synthetic liquid fuels.
The Princeton team analyzed the impacts of the landmark legislation on six different hydrogen production pathways and nine different pathways for producing synthetic liquid fuels. The paper, "Impacts of the Inflation Reduction Act on the Economics of Clean Hydrogen and Synthetic Liquid Fuels," was published in Environmental Science & Technology.
They identified the clean fuel pathways that benefited most from Inflation Reduction Act subsidies, those that are likely to remain uncompetitive even with subsidies, and key uncertainties in the implementation of the tax credits that could shape the law's success in promoting clean energy deployment. Their research was first published online Aug. 30 and was highlighted on the cover of the journal's Oct. 17 issue.
"The incentives in the Inflation Reduction Act completely shift the economic favorability of several low-carbon technologies," said first author Fangwei Cheng, associate research scholar at the Andlinger Center for Energy and the Environment.
"Our goal was to...
By Olivia GomesMay 18, 20260 comments WASHINGTON — A new analysis published by The Atlantic argues that election denial movements once viewed as politically fringe are becoming increasingly embedd...