Jonathan Wilkinson, Member of Parliament for North Vancouver and Parliamentary Secretary to the Minister of Environment and Climate Change, today echoed the announcement from the Minister of Environment and Climate Change on the Government’s $2 billion Low Carbon Economy Fund. The Fund will help support projects from provinces and territories, municipalities, Indigenous governments, businesses, and other organizations aimed at reducing greenhouse gas emissions and generating clean growth.

Our Government is showing leadership on reducing our emissions in line with our commitment to the Paris Agreement. The $2 billion Low Carbon Economy Fund will play a crucial role in reaching our 2030 emissions reduction target. The Fund will work to accelerate Canada’s transition to a clean growth economy by helping us find the best ways to reduce our emissions, create good middle class jobs for Canadians, and promote a healthier environment for our children and grandchildren.

– Jonathan Wilkinson, Member of Parliament for North Vancouver and Parliamentary Secretary to the Minister of Environment and Climate Change

• The Pan-Canadian Framework on Clean Growth and Climate Change was released in 2016 and is a comprehensive plan to reduce emissions across all sectors of Canada’s economy, accelerate clean growth, and build resilience to the impacts of climate change. Actions outlined in this Framework will enable Canada to meet its target to reduce emissions to 30 per cent below 2005 levels by 2030.

• The $2 billion Low Carbon Economy Fund is an important part of the Pan-Canadian Framework on Clean Growth and Climate Change. Provinces and territories that are part of the Framework can apply to the fund for projects that will reduce greenhouse gas emissions, innovate, create jobs, reduce pollution and create cleaner and healthier communities.

• The Low Carbon Economy Leadership Fund and the Low Carbon Economy Challenge will reduce emissions through targeted projects such as:

  • Rebates for installing high performance equipment and incentives to retrofit homes and commercial buildings;
  • Projects improving energy efficiency for industries, supporting changes in their processes and helping them switch to lower carbon fuels; and,
  • Programs for reforestation, enhanced forest management, and utilizing dead wood after forest fires or insect infestations.

• The $2 billion Low Carbon Economy Fund will be split into two parts:

  • The Low Carbon Economy Leadership Fund: $1.4 billion to support provinces and territories for the emission reduction priorities outlined in the Pan-Canadian Framework on Clean Growth and Climate Change.
  • The Low Carbon Economy Challenge:  The remainder of the funding will be available for the Low Carbon Economy Challenge and for implementation of the Pan-Canadian Framework. All provinces and territories, municipalities, Indigenous governments and organizations, businesses and both not-for-profit and for-profit organizations will be eligible to apply for the Low Carbon Economy Challenge. The projects selected will be the ones that will best reduce greenhouse gas emissions and generate clean growth. The Low Carbon Economy Challenge will be formally launched in the Fall of 2017.

Related Products

• Low Carbon Economy Fund
• Allocations to Provinces and Territories

Marie-Pascale Des Rosiers
Press Secretary
Office of the Minister of Environment and Climate Change
613-462-5473
marie-pascale.desrosiers@canada.ca

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