Brazil to Provide $3.36B Tax Credits for Low-Carbon Hydrogen

The President of Brazil, Luiz Inácio Lula da Silva has given his nod to the law regarding low-carbon hydrogen in the country. He has signed the tax credits worth $3.36 billion for the companies producing or consuming low-carbon hydrogen between the period of 2028-2032. This will usher renewable opportunities in Brazil strengthening its market presence.