Canada is considering incentives for hydrogen production
Canadian provinces want more federal hydrogen support
The country’s incentive scheme must be similar to the US’ if its hydrogen economy is to remain competitive, provincial ministers say
Canada must consider federal tax supports for its clean hydrogen industry, similar to those in the US Inflation Reduction Act (IRA), if it is to remain competitive with its southern neighbour in attracting investment, according to provincial energy ministers. The federal government has not yet identified the form its tax support may take, or when it might come into force, although Canadian natural resources minister Jonathan Wilkinson said in October that it would happen. Ottawa released a hydrogen strategy in late 2020, and Canada and Germany signed a hydrogen cooperation deal in August to promote exports from the former to the latter. But the provinces of Alberta and Newfoundland & Lab
Also in this section
27 November 2024
The clean hydrogen sector has endured a difficult year, but it will end 2024 better equipped to fulfil its long-term potential
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
