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
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
3 October 2024
The stakes are high for project developers as they choose which hydrogen molecule or derivative with which to target future markets
2 October 2024
The fuel’s inroads in maritime fuel market hamper efforts to secure demand for synthetic fuel, German utility Uniper tells World Hydrogen Congress
27 September 2024
A new realism is shaping the ambitions of the clean hydrogen industry after years spent overstating its decarbonisation potential