New Federal Government Funding for GHG Reduction Projects
As part of the Pan-Canadian Framework on Clean Growth and Climate Change, the Climate Action Incentive Fund (CAIF) is a new Environment and Climate Change Canada program, delivering up to $218M in its first year (2019-2020), funded from the proceeds of the federal carbon pollution pricing system. Programming would be available in Saskatchewan, Manitoba, Ontario, and New Brunswick, where provinces have not committed to their own carbon pollution pricing systems
Government of Canada, Climate Action Incentive Fund website
A new funding source for small and medium-sized enterprises (SMEs) has been announced as part of the Government of Canada’s Climate Action Incentive Fund. If your business has operations in Ontario, Manitoba, New Brunswick or Saskatchewan and you are considering retrofits and energy-efficient alternatives, this may be a way to obtain funding: 25% for projects valued at $80,000 – $1,000,000.
A brief description is below, along with an invitation to an informational webinar on August 15th and a link to complete a questionnaire to provide us with background on potential interest.
Eligible projects include:
- Building retrofits (e.g. energy-efficient updates)
- Electricity, Energy, or Fuel Production (e.g. heating / cooling, renewable energy systems)
- Industrial Process Improvements (e.g. waste-heat recovery, equipment upgrades)
- Transportation Retrofits
- Agriculture Retrofits
- Waste Management
To see an extensive list of eligible projects, click here.
Timeline: This is a time-sensitive opportunity: the application period is 90 days starting July 17, 2019, or until funding is exhausted (first-come, first-served). Click here for the application guide.
Background: The Climate Action Incentive Fund (CAIF) aims to deliver up to $218M in its first year through funding from the proceeds of carbon polluting pricing (carbon tax). This funding is currently available only to SMEs, defined as less than 499 employees company-wide, with operations in Saskatchewan, Manitoba, Ontario, and New Brunswick, where provinces have not committed to their own carbon pollution pricing. Click here for the federal government’s formal announcement.
Climate Smart support: For businesses that would like Climate Smart support to apply, we are pleased to offer help. A nominal 2.5% fee of the project(s) total is added to cover additional support. Further detail to be provided on our upcoming info session webinar (see below to register).
- Sign-up here to attend an info session by Zoom webinar on Thursday, August 15, 2019, starting promptly at 10am CDT / 11am EDT.
- Fill out our online questionnaire here to provide us with background on your project(s) eligibility.
Climate Smart applauds the Government of Canada for its commitment to a low carbon future in Canada. We look forward to working with businesses across Canada and supporting them to reach their sustainability goals.