Up To $25 Million In Funding Available For Greenhouse Gas Reduction Efforts
The Low Carbon Economy Fund (LCEF) has recently opened applications for the Low Carbon Economy Challenge (LCEF-LCEC), an initiative aimed at harnessing Canadian ingenuity to combat greenhouse gas emissions and foster sustainable growth. This endeavour is aligned with Canada's clean growth and climate action plan, as outlined in the Pan-Canadian Framework on Clean Growth and Climate Change.
Funding Overview
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Funding Range:
- Applicants may request funding between $1 million and $25 million for eligible project expenditures.
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Federal Cost Share:
- The federal cost share for eligible project expenditures depends on the applicant type and ranges as follows:
- For-profit business: 25%
- Not-for-profit organizations: 50%
- Public sector body or board: 50%
- Provinces and provincial entities: 50%
- Research, academic, and educational institutions: 50%
- Regional/local/municipal governments or their entities located in a province: 50%
- Regional/local/municipal governments or their entities located in a territory: 75%
- Territories and/or territorial entities: 75%
- Indigenous recipients (including Indigenous for-profit organizations): 75%
- The federal cost share for eligible project expenditures depends on the applicant type and ranges as follows:
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Federal Contribution Example:
- For instance, a for-profit business eligible for a 25% federal cost share must receive a federal contribution of at least $1 million. Therefore, such a business, eligible for up to 25% of eligible project expenditures, needs to have a project incurring eligible expenditures of at least $4 million overall.
Eligibility Requirements
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Greenhouse Gas (GHG) Emissions Reduction Criteria:
- Reductions in GHG emissions in 2030.
- Alignment with Canada's goals for net-zero emissions by 2050.
- Reductions must be:
- Sources of GHG 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 (incremental).
- Directly and immediately the result of activities funded by the program.
Other Eligibility Criteria: 4. Capacity to make use of commercially available technology.
- Confirmation of project location.
- Production of electricity or fuel must be primarily for own use, within the applicant's or identified partner's operations (except for projects located in rural or remote communities or for district energy or industrial combined heat-and-power).
These criteria collectively define the eligibility requirements for the Agri-Tech Innovation Initiative, ensuring that projects not only contribute to greenhouse gas emissions reduction but also align with broader sustainability and innovation goals in the agriculture and food sector.
Deadline
