Canadians are calling for ambitious climate action that keeps the air clean while building a strong economy for today and tomorrow alike. Every day, initiatives such as the Government of Canada's Low Carbon Economy Fund support partners across the country as they cut pollution, build strong, resilient communities, and create good jobs in a growing, sustainable, and clean economy.
Today, while speaking at the Montréal Climate Summit, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, announced up to $187 million from the Leadership stream part of the Low Carbon Economy Fund to support Quebec projects. These funds will be delivered by the Government of Quebec through new partnership agreements.
The funding will be divided into two parts:
- Up to $60 million to help low-income households in the province move away from home heating oil to more efficient and affordable options for their energy needs.
- Up to $127 million to support initiatives that result in greenhouse gas emissions reduction by 2030 and align with Canada's and Quebec's goals for net-zero emissions by 2050.
These actions will build on $261 million in federal funding that has been leveraged by the Government of Quebec since 2017 through four programs, resulting in up to 825,000 tonnes of annual greenhouse gas emissions reductions by 2030, which is the equivalent of taking 252,750 cars off Quebec roads each year.
The Low Carbon Economy Fund has supported projects that range from replacing oil-fired boilers with electric models at a YMCA in St. John's, Newfoundland and Labrador; to waste emissions reduction projects in Alberta; to SaskPower's Northern First Nations Home Retrofit Program in Saskatchewan; and home heat-pump retrofits in Atlantic Canada. The Low Carbon Economy Fund is funding innovative technologies in sectors such as chemicals and fertilizers, cement and concrete, forestry and agriculture, and electricity and manufacturing.
Continued investments in climate action, such as those announced today, reaffirm the Government of Canada's commitment to delivering a clean, healthy environment while building a strong economy for generations to come.
