Submission: Clean Hydrogen Investment Tax Credit

Global hydrogen demand is expected to more than double by 2030 and reach more than 500 million tonnes by 2050—six times current production—under the IEA’s Net Zero scenario.

Thanks to its clean, low-cost electricity, ample freshwater supplies, renewable energy potential, and CO2 storage potential, Canada can play a key role in meeting the growing demand for low-carbon hydrogen at home and abroad.

Clean Energy Canada is pleased to have submitted comments as part of the Department of Finance consultations on the “Clean Hydrogen Investment Tax Credit.”