- Canada and Germany have signed an agreement to boost the clean hydrogen fuel trade to reduce reliance on Russian energy.
- The deal supports transactions between Canadian hydrogen producers and German industrial and energy sectors.
Canada and Germany signed an agreement on Monday to boost the trade of clean hydrogen fuel, aiming to reduce reliance on Russian energy. The deal commits them to supporting transactions between Canadian hydrogen producers and German industrial and energy sectors.
Canada’s federal natural resources ministry highlighted the nation’s commitment to combating climate change and displacing Russian imports. The agreement follows an earlier commitment made in August 2022 by Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz.
The leaders agreed to establish a transatlantic supply corridor and attract investments in hydrogen projects. Initial exports from Canada to Germany are set to begin in 2025.
Hydrogen is hailed as a zero-carbon fuel suitable for industrial machinery, heavy vehicles, and heating. Canada has announced over 80 low-carbon hydrogen production projects to date.
Some projects faced delays due to European customers’ need for specialised infrastructure. Nonetheless, the agreement signifies a significant step towards a greener energy future through international collaboration.