Ottawa announces Low Carbon Economy Challenge
March 14, 2018
By Environment and Climate Change Canada
March 14, 2018 - Today, the Minister of Environment and Climate Change, Catherine McKenna, launched the over-$500-million Low Carbon Economy Challenge, in Vancouver.
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.
Successful projects will be selected based primarily on their ability to reduce greenhouse gas emissions. The evaluation will also consider a project’s potential contribution to clean growth, energy savings, and job creation.
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.
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