Brazil’s Lula Approves Green Hydrogen Bill, Vetoes Tax Credits

Brazil President Luiz Inacio Lula da Silva approved legislation establishing a legal framework for low-carbon hydrogen, but vetoed language that would have granted certain tax credits.

The framework, which takes effect Jan. 1, seeks to attract and encourage investment in the production of low-carbon hydrogen and its derivatives, increasing Brazil’s competitiveness in the international market, according to an extra edition of the Official Gazette published Friday.