OTTAWA,
ON, May 10, 2024 /CNW/ - As we continue to
foster economic growth and build Canada's clean economy, significant
investments and progress are being made in the production,
distribution, and use of clean fuels, including low-carbon
hydrogen. These advancements are guided by Canada's Hydrogen Strategy, which introduced a
framework in 2020 to help position Canada as a global supplier and producer of
low-carbon hydrogen on our path to net-zero by 2050.
Today, the Honourable Jonathan Wilkinson, Minister of Energy and
Natural Resources, launched the Hydrogen Strategy for Canada: Progress Report. The Report is
the result of three years of engagement, research and analysis,
including with over 1,000 experts and stakeholders. It highlights
the significant investments and notable developments that have
advanced Canada's hydrogen sector
since 2020, features projections of hydrogen's potential role
in meeting Canada's climate
objectives and provides a roadmap for next steps and
priorities.
Interest in low-carbon hydrogen in Canada has increased significantly in recent
years, with over 80 low-carbon hydrogen production projects
currently in various stages of development, representing an
economic opportunity of over $100
billion in potential investment in domestic clean energy
opportunities and jobs.
This comes as Budget 2024 presents key investments to
incentivize the development and adoption of clean fuels and
accelerate innovation and investments in Canadian hydrogen,
including the implementation of the Clean Hydrogen Investment Tax
Credit and other major economic investment tax credits.
The federal government will continue to advance domestic
low-carbon hydrogen opportunities to position Canada as a competitive and reliable supplier
in the growing global market for clean fuels.
Quotes
"Unlocking the potential of clean hydrogen is an essential step
to position Canada as a global
leader of clean renewable fuels. Today's Progress Update
testifies to the remarkable advancements made in the hydrogen
landscape since we released our Hydrogen Strategy in 2020,
underscoring our dedication to sustainable energy innovation in the
race to net zero."
The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources
Quick Facts
- Since 2020, British Columbia,
Alberta, Ontario, Quebec, Nova
Scotia, and New Brunswick
have published hydrogen strategies, identifying hydrogen as a
provincial clean energy priority and describing provincial actions
and objectives to realize regional low-carbon hydrogen
objectives.
- Canada has signed 12
international agreements to provide energy security and advance
clean hydrogen export opportunities, including Germany, the
Netherlands, the United
States, South Korea and
Japan.
- There are now 13 low-carbon hydrogen production facilities in
operation across Canada, able to
produce over 3,000 tonnes of low-carbon hydrogen per year.
Associated Links
- Hydrogen Strategy for Canada
and Progress Report
- Budget 2024: Fairness for Every Generation
- Budget 2024 – Attracting Investment for a Net-Zero Economy
- Backgrounder: Economic Growth and Productivity
- 2030 Emissions Reduction Plan: Clean Air, Strong Economy
- Net-zero emissions by 2050
- Energy Innovation Program
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SOURCE Natural Resources Canada