The Japan Times - Germany, Canada partner on transatlantic hydrogen trade

EUR -
AED 4.241501
AFN 76.225899
ALL 93.554047
AMD 421.168408
AOA 1060.230438
ARS 1715.656895
AUD 1.639343
AWG 2.078882
AZN 1.960998
BAM 1.957978
BBD 2.319179
BDT 142.188136
BHD 0.434183
BIF 3417.00026
BMD 1.154934
BND 1.477844
BOB 13.673207
BRL 5.867647
BSD 1.151481
BTN 109.772084
BWP 15.700461
BYN 3.349625
BYR 22636.715706
BZD 2.315876
CAD 1.618352
CDF 2627.475914
CHF 0.931576
CLF 0.027214
CLP 1074.552598
CNY 7.797307
CNH 7.795773
COP 3581.683414
CRC 522.981641
CUC 1.154934
CUP 30.605764
CVE 110.387769
CZK 24.225868
DJF 205.048047
DKK 7.475152
DOP 66.804297
DZD 153.472687
EGP 58.835639
ERN 17.324017
ETB 184.006946
FJD 2.556967
FKP 0.856809
GBP 0.855893
GEL 3.020138
GGP 0.856809
GHS 13.460971
GIP 0.856809
GMD 84.891799
GNF 10108.242008
GTQ 8.785771
GYD 240.867884
HKD 9.057285
HNL 30.853314
HRK 7.54669
HTG 150.557444
HUF 363.867906
IDR 20822.313646
ILS 3.537506
IMP 0.856809
INR 110.16978
IQD 1508.477672
IRR 1588179.269833
ISK 142.219015
JEP 0.856809
JMD 182.292739
JOD 0.818845
JPY 181.57706
KES 148.945652
KGS 100.999312
KHR 4659.181767
KMF 493.156852
KRW 1666.524381
KWD 0.357037
KYD 0.959567
KZT 545.626826
LAK 26077.001864
LBP 103117.983955
LKR 386.549906
LRD 207.841153
LSL 19.045882
LTL 3.410221
LVL 0.698608
LYD 7.367194
MAD 10.756663
MDL 20.122379
MGA 4924.476818
MKD 61.593502
MMK 2424.850425
MNT 4151.45627
MOP 9.302246
MRU 46.277468
MUR 54.282161
MVR 17.855218
MWK 1996.620567
MXN 20.037155
MYR 4.71814
MZN 73.811907
NAD 19.045882
NGN 1575.746553
NIO 42.37713
NOK 11.066871
NPR 175.635335
NZD 1.957192
OMR 0.444134
PAB 1.151481
PEN 3.90234
PGK 5.155734
PHP 70.745488
PKR 319.79146
PLN 4.307178
PYG 6865.635703
QAR 4.209281
RON 5.253334
RSD 117.520702
RUB 91.505504
RWF 1690.379977
SAR 4.325144
SBD 9.333147
SCR 15.60035
SDG 692.961179
SEK 11.020558
SGD 1.479777
SLE 28.523045
SOS 658.031838
SRD 43.635158
STD 23904.811825
STN 24.527278
SVC 10.075205
SZL 19.043179
THB 38.719182
TJS 10.62802
TMT 4.05382
TND 3.385065
TRY 54.854577
TTD 7.818696
TWD 37.31489
TZS 3050.792978
UAH 51.393558
UGX 4323.808778
USD 1.154934
UYU 46.331528
UZS 13783.329302
VES 861.230481
VND 30375.354155
VUV 137.078995
WST 3.158158
XAF 656.687343
XAG 0.020053
XAU 0.000285
XCD 3.121268
XCG 2.075208
XDR 0.816708
XOF 656.687343
XPF 119.331742
YER 275.221161
ZAR 19.011665
ZMK 10395.793255
ZMW 21.630056
ZWL 371.88843
  • CMSC

    0.0300

    21.84

    +0.14%

  • RIO

    -0.3300

    96.85

    -0.34%

  • BCE

    -0.0200

    21.68

    -0.09%

  • RBGPF

    0.0000

    69.21

    0%

  • AZN

    -1.7000

    169.64

    -1%

  • GSK

    -0.3800

    51.69

    -0.74%

  • CMSD

    0.0900

    22.11

    +0.41%

  • BTI

    -1.0400

    60.65

    -1.71%

  • NGG

    -0.4200

    79.97

    -0.53%

  • BP

    1.0000

    45.22

    +2.21%

  • BCC

    1.0000

    76.38

    +1.31%

  • VOD

    -0.3600

    15.78

    -2.28%

  • RELX

    -1.1900

    35.42

    -3.36%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • JRI

    0.0900

    12.96

    +0.69%

Germany, Canada partner on transatlantic hydrogen trade
Germany, Canada partner on transatlantic hydrogen trade / Photo: Cole Burston - AFP

Germany, Canada partner on transatlantic hydrogen trade

The leaders of Canada and Germany signed a green hydrogen deal on Tuesday, laying a path for a transatlantic supply chain as Europe seeks to lessen its dependence on Russian energy.

Text size:

"It's a vote of confidence for Canada as a leader in clean energy," Prime Minister Justin Trudeau said during a joint press conference with visiting German Chancellor Olaf Scholz.

"We cannot as a world continue to rely on authoritarian countries that will weaponize energy policy, as Russia is, that don't concern themselves with environmental outcomes or labor rights or even human rights," Trudeau added.

Moscow has slashed its energy exports to Europe in response to punishing Western sanctions over Moscow's invasion of Ukraine, forcing countries to scramble for alternatives.

Scholz said there was a need to discuss "short-term constraints and LNG (liquefied natural gas) but in the long run, the real potential lies in green hydrogen from the wind-rich, thinly populated Atlantic provinces."

Canada aims to become a major producer and exporter of hydrogen and other related clean technologies to displace climate-warming fossil fuels, with Germany lined up to become a first customer.

In a joint declaration, Trudeau and Scholz outlined plans to "kickstart the hydrogen economy and to create a transatlantic supply chain for hydrogen."

The plan is to make the first deliveries of Canadian hydrogen to Germany as early as 2025, the statement said.

Canada said it would also export hydrogen to the broader European market -- "contributing to European energy security," as the bloc looks to end its reliance on Russian energy -- as well as to Asia.

The two leaders, with a sizeable German business delegation in tow, toured a site in Stephenville, Newfoundland, where US-based World Energy GH2 Inc. is looking to build a hydrogen production facility powered by a 164-turbine, one-gigawatt wind farm on the Port au Port Peninsula.

The former pulp mill boasts substantial wind resources, access to the power distribution grid and a port that can ship product to Europe.

The project is one of a dozen under consideration by the Newfoundland government since it lifted a moratorium on new wind farms, and in July issued a call for proposals to put turbines on government lands.

With an estimated $10 billion price tag, it would be the largest single investment ever made in Canada's Atlantic region.

T.Ikeda--JT