Clean energy startups take note, Quebec is about to have significantly more funding to put towards clean tech innovation.
Last Friday, the Honourable Marc Garneau, Minister of Transport, and Isabelle Melançon, the Minister of Sustainable Development, the Environment, and the Fight Against Climate Change from the Government of Quebec, announced that Quebec will receive over $260 million through the Low Carbon Economy Leadership fund.
The money will go to programs that help Quebecers save money and energy, while supporting the province’s climate objectives. The funding is a component of the Low Carbon Economy Fund, designed to spur clean growth and cut carbon pollution while promoting innovative climate solutions.
The Low Carbon Economy Fund will help Canada achieve our 2030 national climate target commitment under the Paris Agreement. It will also create jobs, support healthier communities, and save Canadians money.
“Investing in climate solutions and clean growth is a critical part of our made-in-Canada climate plan. The projects we are supporting through this funding will build on Quebec’s climate leadership to make a real difference in the lives of Quebecers. This funding will create good jobs, spark clean economic development and help Quebecers save money on energy and fight climate change in their own communities,” said Catherine McKenna, Minister of Environment and Climate Change.
The Fund will benefit Quebecers by improving pre-existing programs for the construction, industry, forestry and agriculture sectors, as well as making tangible reductions to greenhouse gas emissions. It will also create a new program for the manufacture, deployment and implementation of clean technologies that are currently being developed.
“Quebec is a leader in the fight against climate change: ambitious targets to reduce its GHG emissions and adapt to the impacts of climate change, a carbon market linked to those of California and Ontario and a major action plan, the 2013-2020 Action Plan on Climate Change, guide its actions. The Quebec government is pleased that the programs supported by the Leadership Fund, including ÉcoPerformance and Biomasse forestière résiduelle, are making a significant additional contribution to the achievement of Quebec and Canada’s GHG emission reduction targets for 2020 and 2030, while supporting the development of a low carbon economy,” said Isabelle Melançon.
The Canadian government will work with Quebec to support reforestation efforts, put clean technologies to work across communities, businesses and in homes, and the installation of energy efficient products to help save money. Part of Quebec’s Leadership Fund will also be allocated to investment in agricultural practices that reduce emissions.
The Canadian government also made announcements regarding the Leadership Fund with the provinces of British Columbia, Alberta, Ontario, New Brunswick and Nova Scotia, with additional announcements expected as other provinces finalize project proposals.