The Low Carbon Economy Fund
The $2 billion Low Carbon Economy Fund is an important part of the Pan-Canadian Framework on Clean Growth and Climate Change. The Fund will support this Framework by leveraging investments in projects that will generate clean growth and reduce greenhouse gas emissions and help meet or exceed our Paris Agreement commitments. The Fund will create jobs for Canadians for years to come, and will deliver clean, sustained growth, support innovation, and reduce energy bills.
The $2 billion Low Carbon Economy Fund is split into two parts:
The Low Carbon Economy Leadership Fund will provide $1.4 billion to provinces and territories that have adopted the Pan-Canadian Framework on Clean Growth and Climate Change. 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 will each be eligible to $30 million plus funding based on population.
Funding agreements will be put in place so that projects can begin in the fall of 2017 and in the winter of 2018.
The remainder of the funding will be available for the Low Carbon Economy Challenge and for implementation of the Pan-Canadian Framework on Clean Growth and Climate Change. Funded projects will leverage ingenuity across the country to reduce emissions and generate clean growth in support of this Framework.
Those who will be able to submit projects:
- all provinces and territories
- Indigenous governments and organizations
- for-profit organizations
- not-for-profit organizations
The Low Carbon Economy Challenge will be launched in the fall of 2017. Further details will be available then.
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