Deadline: 25-Mar-22
The Government of Canada has announced the applications for Low Carbon Economy Challenge to reduce greenhouse gas (GHG) emissions and generate clean growth in support of Canada’s clean growth and climate action plans by providing approximately $500 million to a wide range of recipients.
Funding Streams
- The Challenge is divided into two streams: the Champions stream and the Partnerships stream.
- The Champions stream second intake is currently accepting Expressions of Interest submissions and will provide over $200 million in funding for GHG emission-reducing projects.Applicants can request between $1 million and $25 million in funding for eligible project expenditures, with cost-share ranging from 25% to 75% of total project costs depending on the recipient type.
Eligible recipients
The Champions stream is open to a wide range of applicants, including:
- provincial governments, bodies or boards
- territorial governments, bodies or boards
- regional/local/municipal governments
- First Nations, Métis and Inuit government, communities or organizations
- public sector bodies or boards
- not-for-profit organizations
- private sector for-profit small, medium and large businesses
Project Eligibility Requirements
- To be considered eligible, a project must result in reductions in GHG emissions in 2030 and over the lifetime of the project.
- These reductions must be:
- to sources of emissions controlled by the applicant or project partner (direct) and/or to grid electricity emissions (acquired)
- beyond what is required by existing regulations, standards, or codes and ongoing work by project proponents (incremental)
- directly and immediately the result of activities funded by the program.
- Projects must also meet other eligibility criteria, as follows:
- capacity to make use of commercially available technology
- confirmation of project location
- production of electricity or fuel must be primarily for own use, within the applicant’s or identified partner’s operations (except for projects located in rural or remote communities or for district energy or industrial combined heat-and-power).
For more information, visit https://www.canada.ca/en/environment-climate-change/services/climate-change/low-carbon-economy-fund/challenge.html