Dec 1, 2020
Seizing the Opportunities for Hydrogen - A Call to Action
Canada's Hydrogen Strategy focuses on eight pillars to guide its implementation: fostering strategic partnerships, de-risking investments, promoting innovation, updating codes and standards, integrating hydrogen into clean energy policies, raising awareness, developing regional blueprints, and collaborating with international markets. By 2050, Canada envisions having over 5 million fuel-cell electric vehicles, a hydrogen sector revenue exceeding CAN$50 billion, and a 30% share of hydrogen in its energy system. Furthermore, Canada aims to be among the top three global clean hydrogen producers.
To support this vision, the federal government has committed CAN$1.5 billion to the Low-carbon and Zero-emissions Fuels Fund. In 2021, Canada and Germany formed an Energy Partnership, culminating in a Joint Declaration in 2022 to establish a Canada-Germany Hydrogen Alliance, targeting hydrogen supply chain development by 2030.
In 2021, the Hydrogen Strategy Implementation Strategic Steering Committee was launched to oversee the strategy's execution. The same year, the Canadian Government initiated the CAN$1.5 billion Clean Fuels Fund to bolster clean fuel production. By July 2021, an investment of CAN$400 million was announced to support ArcelorMittal Dofasco's transition to hydrogen-ready furnaces.
In 2022, the Canada Infrastructure Bank pledged CAN$500 million for zero-emission vehicle infrastructure, and the federal budget allocated CAN$400 million for the Zero-Emission Vehicle Infrastructure Program. By September 2022, the bank launched its $500 million ZEV Charging and Hydrogen Refuelling Infrastructure Initiative. The 2022 Fall Economic Statement highlighted plans for an investment tax credit for clean hydrogen production, with the 2023 Budget proposing the Clean Hydrogen Investment Tax Credit.
Read the strategy here: