“Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To Nuclear
9 hours ago Guest Blogger 7 Comments
From the Robert Bryce Substack
Robert Bryce
Hydrogen producers can get up to $25B per EJ in federal tax credits! That’s 9x solar, 47x wind, & 1,800x hydrocarbons; I’ll be talking H2 & alt-energy in Eldorado, TX on Thursday
The late Charlie Munger was among the most successful investors of the modern era. Munger, who died late last year, was the vice chairman at Berkshire Hathaway, the conglomerate headed by his friend and colleague, Warren Buffett. Munger, a native of Omaha, had many pithy sayings, but among his most memorable was: “Show me the incentives, and I’ll show you the outcome.”
Whenever you wonder why the U.S. isn’t building more nuclear power plants and is instead lavishing hundreds of billions of dollars on politically popular forms of alt-energy, remember Munger’s line.
As I noted in May in “The H Stands For Hype,” few segments of the energy sector have gotten more media hype in recent years than hydrogen. That hype has gone into overdrive because of fat government subsidies. The German government has earmarked some $14.2 billion for investment in about two dozen hydrogen projects. I continued:
https://wattsupwiththat.com/2024/08/13/green-hydrogen-subsidies-are-1900x-larger-than-whats-given-to-nuclear/
