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
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges