Thread by @DanWoy

A timely #ResilientRecovery piece. It’s notable how Europeans (Germans especially) are considering their stimulus/recovery plans: “The decision on what policies to support shouldn’t be purely based on deep economic analysis, but it should also take into account …" 1/

https://twitter.com/aradwanski/status/1274343812240998400

“...future trajectories and needs.” bloomberg.com/news/articles/… Relative to 2008-09, “This time there’s one big opportunity and one big enabler: The opportunity is to build competitive advantage in new industries; the enabler is cheap debt.” 2/

It’s critical to note that just throwing $ at hydrogen would fail. The fundamental challenge rests with the fact that to enable hydrogen requires systems-planning (producing, moving and using it) & new regulatory frameworks to accommodate a new energy commodity. We have… 3/

…many comparative advantages: clean power for green H; experience w CCS for blue H; expansive pipeline networks; policies like the Clean Fuel Std & C-pricing that send market signals; export opps & access to US, Asian & EU markets. But we do require a catalyst to fulfill... 4/

…our Canadian potential. The Fed gov’t can play this role (yes, incl with $), working with provinces & supported by convening like that being done by @CanAccelerator in Alberta newswire.ca/news-releases/… We can benefit by learning from those countries (notably the UK) already 5/

@CanAccelerator …out in front of us. Hydrogen will likely prove key to achieving Canada’s net zero 2050 climate targets, & at the same time its a huge economic opportunity (including export of related tech, services & the commodity itself). Now’s the time. This is our shot. 6/6