As Mollie mentioned, Canada has opportunities to produce very low-carbon, low-cost hydrogen between now and 2030 or 2040 and 2050. A number of investments made in the budget this year will also support significant investments in carbon capture, utilization and storage. The tax breaks for green hydrogen production equipment, as well as tax breaks for CCUS, will all help to drive down the cost of clean hydrogen production.
The strategy doesn't focus on colours, as Mollie mentioned, and we're working internationally to develop an international standard for carbon intensity that will be recognized around the world. It's an international methodology to determine the carbon intensity, so that as hydrogen becomes a globally traded commodity, we're all using the same starting point.
You can't standardize colours, but you can standardize the methodology to determine the life cycle and carbon intensity of hydrogen. Canada has all of the advantages for every pathway to produce low-cost, low-carbon hydrogen.