The government of Canada has inked a new, comprehensive energy partnership deal with the government of Germany to set up a formal collaboration across a wide array of shared energy priorities, including hydrogen and LNG.
According to reports, this cross-continental collaboration was confirmed on 16th of March 2021, after Canada’s Minister of Natural Resources, Seamus O’Regan Jr., signed the deal with Germany’s Minister of Economic Affairs and Energy, Peter Altmaier.
The announcement comes immediately on the heels of the recent Berlin Energy Transition Dialogue, and the partnership effectively positions Canada as a prominent clean energy partner for Germany, most notably with green energies like hydrogen, liquefied natural gas, and critical minerals.
As part of the partnership agreement, both Canada as well as Germany would be establishing a new High-Level Steering Committee, which would be co-chaired by Deputy Minister-level delegates, who would be responsible to foster the two nation’s energy transformation.
Canada’s Natural Resources Minister, Seamus O’Regan Jr., stated that no other democracy across the globe possesses the vast wealth of natural resources found in Canada. All novel international energy collaborations, such as the one with Germany, would help humanity lower global emissions.
Both Canada and Germany have been committed to the phasing out of coal-fired power, scaling up hydrogen production and putting a price on pollution. The two nations are focused on ambitious net zero by 2050 goal and creating an economy which continues to generate good jobs while ensuring a low-emissions future which leaves no workers behind.
Germany’s Economic Affairs and Energy Minister, Peter Altmaier, stated that Germany and Canada, while committing to the are both committed to reaching climate neutrality by end of 2050, share similar goals as well as challenges. Both intend to phase out coal, increase hydrogen production and adoption, set up a national carbon price, and expedite energy efficiency through the forthcoming years.