Climate Action Incentive Fund
As part of the Pan-Canadian Framework on Clean Growth and Climate Change, the Climate Action Incentive Fund (CAIF) is a new Environment and Climate Change Canada program, delivering up to $218M in its first year (2019-2020), funded from the proceeds of the federal carbon pollution pricing system. Programming would be available in Saskatchewan, Manitoba, Ontario, and New Brunswick, where provinces have not committed to their own carbon pollution pricing systems. Eligible recipients would benefit from funding for projects to decrease energy usage, save money, and reduce carbon pollution.
The CAIF consists of three funding streams to support projects and measures undertaken by small- and medium-sized enterprises (SMEs), municipalities, universities, schools, hospitals (“MUSH sector”), and not-for-profit organizations.
SME Project stream
Provides support to small- and medium-sized enterprises to undertake retrofit projects in sectors, such as building, transportation, industry, waste, agriculture and more.
Provides support to small- and medium-sized enterprises and not-for-profit organizations in the purchase of ENERGY STAR certified equipment, such as commercial kitchen appliances, water heaters, etc.
The following table describes the estimated total allocation by jurisdiction for the CAIF for 2019-20:
|SME Project stream||$ 72 million||$ 21 million||$ 9 million||$ 4 million|
|Rebate stream||$ 35 million||$ 10 million||$ 4 million||$ 2 million|
|MUSH stream (schools)||$ 41 million||$ 12 million||$ 5 million||$ 2 million|
|Total||$ 148 million||$ 43 million||$18 million||$7 million|
*Numbers in this table have been rounded to the nearest million.
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