Submission to Finance Canada: Clean Hydrogen Investment Tax Credit

The Conservation Council’s stance on hydrogen is as follows: ● Prioritize replacing current grey/black hydrogen production with green hydrogen production. [...] 1 The Conservation Council emphasizes the importance of not subsidizing fossil hydrogen projects with the ITC This would contradict Canada's climate commitments and could lock the country into a fossil fuel-based economy. [...] It's crucial to uphold the principles of additionality, deliverability, and hourly matching to ensure the effectiveness of the ITC. [...] The ITC should target strategic applications for hydrogen production for local chemical and industrial use. [...] 3 The Conservation Council calls for transparency and third-party verification of emissions data, and it recommends excluding hydrogen projects using dirty (fossil fuel) feedstock for production, emphasizing the importance of relying solely on renewables.