What is 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:

The Fund is helping to:

The Fund has two parts:

Low Carbon Economy Leadership Fund

This fund is providing up to $1.4 billion to provinces and territories that have adopted the Framework. The funding helps them deliver on their commitments to reduce greenhouse gas emissions.

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.

Starting in fall 2017, provinces and territories worked with the federal government to agree on which projects to fund. Bilateral funding agreements are finalized with most jurisdictions and many projects are underway.

For more information:

For the province of Ontario: Energy Savings Rebate program for retailers

From a portion of Ontario’s allocation through the Low Carbon Economy Leadership Fund, the Energy Savings Rebate program will allow Ontario retailers to offer rebates on the purchase of approved energy-efficient products. This will help Ontarians to reduce energy use, save money and address climate change. For more information, see the Energy Savings Rebate program page.

Low Carbon Economy Challenge

The Low Carbon Economy Challenge will provide approximately $500 million. Funded projects are leveraging ingenuity across the country to reduce emissions and generate clean growth. For further information, see the Challenge page.

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