Ontario invests nearly $100 million to boost cleantech innovationStaff writer ▼ | February 19, 2016
Ontario is putting its new Climate Change Strategy into action by investing nearly $100 million from the Ontario Green Investment Fund into new projects.
Canada The government is partnering with the Ontario Centres of Excellence
Those projects will reduce greenhouse gas emissions, increase energy efficiency and support cleantech innovation and jobs.
The government will invest $74 million in a cleantech innovation initiative, which will help reduce greenhouse gas pollution by encouraging large industrial plants to adopt leading-edge technologies, while supporting entrepreneurs in developing creative solutions.
For this initiative, the government is partnering with the Ontario Centres of Excellence, which drive the development of Ontario's economy by helping create new jobs, products, services, technologies and businesses.
The government is also investing $25 million in a Green Smart energy efficiency program to help small and medium-sized businesses reduce emissions and become more energy efficient.
The program will be delivered by Canadian Manufacturers & Exporters, Canada's largest trade and industry association.
Ontario's new $325-million Green Investment Fund commits money to projects that fight climate change while growing the economy and creating jobs.
These investments will help transform the way we live, move, work and adapt to our environment by building strong and sustainable communities. ■