2030 Finance | June 21, 2017

Canadian government launches $2 billion fund for its low-carbon future

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Canada’s five-year Low Carbon Economy Fund will finance regional public, private and nonprofit initiatives to reduce greenhouse gases and pollution and develop climate-friendly technologies.

The fund is part of the “Pan-Canadian Framework on Clean Growth on Climate Change” to drive collaboration among Canada’s national, provincial and local governments.

Most of the money will fund project proposals, beginning this summer. The rest will back a competitive “Challenge” this fall.

Specific areas of focus for the fund include: real estate green retrofitting; industry-level energy efficiency improvements; and reforestation and forest management.