On March 14th, 2018, the Minister of Environment and Climate Change, Catherine McKenna, launched the over-$500-million Low Carbon Economy Challenge in Vancouver, British Columbia. The Challenge will leverage Canadian ingenuity to reduce emissions and generate clean growth, and it is an important part of the Pan-Canadian Framework on Clean Growth and Climate Change.
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 non-profit organizations.
- Partnerships: Valued at $50 million, the Partnerships stream is limited to Indigenous communities and organizations, small and medium-sized businesses, non-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 and will create jobs for Canadians for years to come.
As MP for Labrador, I understand that clean environment and strong economy go hand in hand. I am proud of the work our Government is doing in simultaneously growing the environment; spurring entrepreneurship and innovation; and ensuring a safe climate and healthy environment.
To learn more about the program click the link below: