The Low Carbon Economy Challenge will consider projects to reduce greenhouse gas emissions, under two streams:
- Champions: Valued at over $450 million, the champions stream is open to applicants of any size. Eligible applicants include all provinces and territories, municipalities, Indigenous communities and organizations, businesses, and not-for-profit organizations.
- Partnerships: Valued at $50 million, the partnerships stream is limited to Indigenous communities and organizations, small and medium-sized businesses, not-for-profit organizations, and small municipalities. The partnerships stream will help ensure a broad range of Canadians are able to participate in the challenge.
The Low Carbon Economy Fund will provide funding until 2021-22.
"Everywhere I travel in Canada, I hear about incredible climate solutions. The challenge fund we're launching today will tap into that ingenuity to cut pollution, create jobs, and spark economic opportunities. I can't wait to see the ideas come in from coast to coast to coast," McKenna said.