In Canada, the Canadian government announced that the country will commit up to $217 million to support clean hydrogen trade with Germany. The government said that the funds will be allocated via a competitive auction process expected to be launched by the end of the year, following European Commission review of the proposed auction parameters and a similar funding commitment from Germany. As part of the joint Canada-Germany Hydrogen Alliance, this initiative will help Canadian companies access German markets for their clean hydrogen and ammonia. It will also ensure Germany has access to competitively priced clean energy products produced by Canadian industry and driven by Canadian workers, the government said. “Germany is one of the strongest economies in the world. In order to diversify its increasing demand of green hydrogen and speed-up the energy transition to reach global climate goals, Germany needs stable and reliable partners like our close friend and ally Canada. We welcome Canada’s commitment to match our offer of 200 million euros in order to co-fund a bilateral instrument for hydrogen trade,” said Karina Häuslmeier Deputy Head of Mission at the German Embassy in Ottawa.
More on the story.
