During the North American Leaders’ Summit on Jan. 10 in Mexico City, U.S. President Joe Biden, Canadian Prime Minister Justin Trudeau, and Mexican President Andrés Manuel López Obrador agreed to develop a clean hydrogen market in North America. The government officials from the three countries have agreed to combat the climate crisis by working together in six areas, which include methane emission reduction, electric vehicle chargers, and hydrogen fuel.
According to a White House fact sheet of key deliverables, the leaders are committed to developing a clean hydrogen market in North America. This partnership includes potential cooperation on the research and development of hydrogen as well as safety codes and standards, cross-border hydrogen clusters, green freight corridors, and integrated maritime operations.
Canadian Prime Minister Justin Trudeau’s office released a similar fact sheet that was less forthcoming but still claimed that hydrogen will be essential to the North American energy mix in a net-zero future. The statement from the Mexican government said they will explore standards to develop hydrogen as a clean energy source.
In the last year, the U.S. has already passed legislation that will provide a clean hydrogen tax credit of up to $3 per kilogram of hydrogen fuel. The U.S. is expected to officially sign off on this hydrogen subsidy this year, which will unleash a wave of investments into the industry. Legislation like this will help hydrogen fuel grow in North American markets and achieve wider popularity in all three countries.
For OneH2, this agreement presents a huge opportunity for us to not only help these countries achieve a net-zero future but also create jobs and economic growth through zero-emissions hydrogen fuel. We are committed to working with the United States, Canada, and Mexico governments to develop the hydrogen market and contribute to a sustainable future.