New Energy
Canada Joins Germany’s Push to Create Hydrogen Market
- Clean gas is seen as key to the transition from dirtier fuels
- Lack of offtakers has weighed on the market’s development
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Canada and Germany agreed measures to kickstart the trade of hydrogen, which is seen as a clean-energy alternative to dirtier fossil fuels.
Both nations will contribute €200 million ($217 million) in funding for bilateral hydrogen auctions, German Economy Minister Robert Habeck told reporters in Hamburg after meeting with his Canadian counterpart. The auctions will fall under a platform known as H2Global, which Germany launched together with the Netherlands.