Small-and medium-sized businesses in 4 provinces can now apply for funding for energy-saving projects
July 19, 2019
Global Korean Post
Canadians are fighting climate change because they know a healthy environment and a strong economy go hand in hand. Climate action presents a global economic opportunity representing $26 trillion and 65 million jobs. Energy efficiency reduces energy costs and helps people save money. Likewise, small business owners across the country want to do their part in the national effort to fight climate change.
Small-and medium-sized businesses in various sectors in Ontario, New Brunswick, Manitoba, and Saskatchewan can apply to the Fund starting July 17, 2019. The application period will be open until funding is exhausted or for a maximum of 90 days.
The Minister of Environment and Climate Change, Catherine McKenna, announced that small-and medium-sized businesses in the four provinces where the federal government carbon-pollution pricing currently applies can now apply to the SME Project stream of the Climate Action Incentive Fund. Small and medium-sized businesses in these provinces will be eligible to receive funding of up to 25 percent of the cost of projects that will make their businesses more productive and competitive as they reduce energy use, save money, and cut greenhouse gas pollution.
A wide range of projects are eligible, including building retrofits, improved industrial processes, fuel switching, and the production of renewable energy for the use of applicants.
Over the next five years, small and medium-sized businesses in these provinces will have access to $1.45 billion to support actions such as increasing the energy efficiency of their operations.
This funding comes from a portion of the fuel-charge revenue from the four provinces where the federal price on carbon pollution is in effect.
Proposals will be selected on a first-come, first-served basis, and regional considerations and prioritization for the most impacted small-and medium sized businesses will be taken into account.