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Total Canadian annual market potential could reach $100b and create up to 350,000 jobs by 2050, while helping Canada meet its goal of reducing greenhouse gas (GHG) emissions to 511 million tonnes of carbon dioxide equivalent (Mt CO2 eq) by 2030 - down from previous recorded levels of 729 Mt CO2 eq in 2018. Research in the recent Canada’s hydrogen future - risks and rewards report by EY Canada, in collaboration with The Canadian Energy and Climate Nexus, highlights the substantial opportunity of hydrogen.

Increased policy, government incentives, investments and international markets needed to encourage mass adoption.

Growing opportunity to expand hydrogen applicability across various industries and markets.

Hydrogen projected to be a key enabler to meet Canada’s net-zero target by 2050.

New EY research on the benefits and barriers to advancing Canada’s hydrogen ecosystem