OTTAWA, ON, MAY 30, 2019 – The Federal Minister of Environment and Climate Change, Catherine McKenna, announced this morning the launch of the Climate Action Incentive Fund (CAIF) to create jobs, grow the economy, help businesses save money, and fight climate change.
Under the CAIF program, small- and medium-sized enterprises (SMEs) in Ontario, Saskatchewan, Manitoba, and New Brunswick – the four provinces where the federal price on pollution applies – could be eligible to receive up to 25 percent of their energy efficiency project costs with funding ranging between $20,000 and $250,000. Eligible projects include building retrofits, improved industrial processes, cleaner transportation, fuel switching, and the production of renewable energy, including solar energy projects. According to the Federal Government, the fund will be open for applications in the upcoming weeks.
Funds available through the CAIF for SMEs in 2019-2020 will come to a total of $150 million, based on the percentage of carbon revenues collected within each province:
- $102 million in Ontario
- $30 million in Saskatchewan
- $13 million in Manitoba
- $5 million in New Brunswick