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29 Mar

Canada unveils Clean Hydrogen Investment Tax Credit

Canada’s 2023 budget is introducing a new clean hydrogen investment tax credit of up to 40% for eligible clean hydrogen products, Kallanish reports. That budget calls for new tax credits for clean hydrogen, clean electricity and clean technology manufacturing. Credits for clean technology adoption and carbon capture/storage are being expanded. The green hydrogen credit will cost Canada CAD 5.6 billion ($4.12 billion) over five years through 2028 and an addi…
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