The Low Carbon Economy Fund

 
The $2 billion Low Carbon Economy Fund (LCEF) is an important part of the Pan-Canadian Framework on Clean Growth and Climate Change (the Framework).

The Fund supports the Framework by leveraging investments in projects that will generate clean growth, reduce greenhouse gas emissions and help meet or exceed Canada's Paris Agreement commitments.

The Fund will:

  • create jobs for Canadians for years to come
  • deliver clean, sustained growth
  • support innovation
  • reduce energy bills

The Fund is split into two parts:

  • Low Carbon Economy Leadership Fund
  • Low Carbon Economy Challenge

Low Carbon Economy Leadership Fund

This Fund provides $1.4 billion to provinces and territories that have adopted the Framework. The funding will help them deliver on their commitments to reduce greenhouse gas emissions, including those they outlined in this Framework.

This funding recognizes the key role provinces and territories play in implementing the Framework and addressing climate change. Provinces and territories are each eligible to receive $30 million plus funding based on population.

Through fall 2017, provinces and territories put forward ideas and worked with the federal government to agree on which projects to fund. Bilateral funding agreements are being finalized with most jurisdictions so that projects can get underway in 2018.

For more information:

Low Carbon Economy Challenge

Over $500M is be available for the Low Carbon Economy Challenge. Funded projects will leverage ingenuity across the country to reduce emissions and generate clean growth in support of this Framework. For further information, including instructions on how to apply, see the Challenge home page.

News releases

Contact

For more information about the program, email: ec.lcef-fefec.ec@canada.ca.

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