Low Carbon Economy Fund
Receive up to $1M to $25M in Funding for Energy Savings.
The Low Carbon Economy Fund leverages Canadian ingenuity to reduce GHG emissions and generate clean growth. Projects within this program aim to reduce Canada’s greenhouse gas (GHG) emissions, generate clean growth, build resilient communities, and create good jobs for Canadians.
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Low Carbon Economy Fund
Amount of Funding
Applicants can request between $1M and $25M in funding for eligible project expenditures, with cost-share ranging from 25% to 75% as follows:
- 25% for for-profit private sector businesses;
- 50% for not-for-profit organizations;
- 50% for public sector body or board;
- 50% for provinces and provincial entities;
- 50% for research, academic and educational institutes;
- 50% for provincial governments/bodies/boards;
- 75% for territorial governments/ bodies/boards; and
- 75% for Indigenous recipients.
Low Carbon Economy Fund
Eligible Applicants
Eligible applicants include:
- For-profit organizations;
- Not-for-profit organizations;
- Public sector boards;
- Provinces or provincial entities;
- Educational institutions;
- Territorial governments; and
- Indigenous recipients.
Low Carbon Economy Fund
Eligible Activities
Eligible projects must result in reductions in GHG emissions in 2030 and align with Canada’s goals for net-zero emissions by 2050. These reductions must be:
- To sources of emissions controlled by the applicant or project partner (direct) and/or grid electricity emissions (acquired);
- Beyond what is required by existing regulations, standards, or codes and ongoing work by project proponents;
- Benefits must be directly and immediately realized;
- Technologies adopted must have a Technology Readiness Level (TRL) of 8 or above to receive implementation funding; and
- Production of electricity or fuel must be primarily for own use.
Funding applications will be assessed based on the following impacts:
- Annual tonnes of GHG emissions reduced by 2030 per federal dollar invested;
- Cumulative GHG emissions reduced over the lifetime (to 2050) of the impact per federal dollar invested;
- Project feasibility and risk; and
- Other co-benefits, such as contributions to Canada’s environmental, economic and social goals.
Low Carbon Economy Fund
Program Deadline
The program deadline is February 8, 2024.
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We provide an average 95% time savings to our clients, compared to businesses that apply for funding in-house.
