While the clean energy industry in Korea has made significant strides in developing state-of-the-art technology, GABI feels that this innovation is necessary to maintain in order to further progress the clean energy industry. As newer technologies are deployed and scaled to economies of volume, costs can be lowered, and new and emerging markets can be penetrated. It is important to promote and introduce Korea’s clean technologies and green industries to global community.
Developments in Hydrogen: Federal Support and Market Outlook
Hydrogen has not typically received significant federal support compared to other clean energy technologies, but the recent federal legislations such as the Bipartisan Infrastructure Law and the Inflation Reduction Act provide strong federal support for hydrogen energy technologies. Under the Inflation Reduction Act, there are significant tax incentives for both the production and end uses