Thank you, Mr. Chair.
I want to thank all of the witnesses for joining us today and for the breadth of knowledge they bring to the discussion and the study we're doing.
My first question will be for Clean Energy Canada. In your remarks, and also in your report on “How Hydrogen can Deliver Climate Solutions and Clean Energy Competitiveness for Canada”, you noted that studies indicate that the cost of green hydrogen is going to drop by 64% by 2040 while blue hydrogen is going to rise by almost that same amount, mostly due to changing natural gas prices. You mentioned that as a result, green hydrogen could be cost-competitive within a decade.
In this study so far, we've heard almost unanimous feedback that Canada should be focusing on blue and green hydrogen production at the same time in order to build out some of the common infrastructure that's going to be needed sooner, particularly with where the prices are right now, relatively, with those two.
If these market projections hold true going forward, how should Canada be approaching its strategy on hydrogen today?