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Hydrogen could make up to 27% of Canada’s total energy demand by 2050

Hydrogen could make up to 27% of Canada’s total energy demand by 2050

Canada’s annual hydrogen market could reach $100bn and create up to 350,000 jobs by 2050, by which time hydrogen could make up to 27% of the country’s energy demand.

That’s according to a new report titled Canada’s hydrogen future – risks and rewards states, released by EY Canada, in collaboration with the Canadian Energy and Climate Nexus.

As a result of the hydrogen opportunity detailed above, the paper suggests that the move can help Canada meet its goal of reducing greenhouse gas emissions to 511 million tonnes of carbon dioxide equivalent by 2030.

Lance Mortlock, EY Canada Energy Leader, said, “The scale of this reduction requires a multifaceted approach to establish a clean-fuel energy mix that can continue to meet the country’s growing energy demands.

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