Canadian SMEs to avail of funds via Climate Action Incentive Fund

July 25, 2019 |

In Canada, 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.

Category: Fuels

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