OTTAWA, ON, May 14, 2021 – Today, the Honourable Seamus O’Regan Jr., the Minister of Natural Resources, and the Honourable Catherine McKenna, the Minister of Infrastructure and Communities, announced that the Ottawa Community Foundation is launching the Ottawa Climate Action Fund (OCAF) as a member of the Low Carbon Cities Canada (LC3) network.
The Ottawa Climate Action Fund exists to “catalyze and scale low-carbon solutions to their full potential in Ottawa.” This involves bringing low-carbon initiatives, investments and people together to deliver tangible, lasting success, making for a greener Ottawa.
The Federation of Canadian Municipalities (FCM) endowed OCAF with a $22-million investment through a recent transfer from its Green Municipal Fund (GMF) provided by the federal government. As a member of a network of seven climate centres across Canada, OCAF will identify, finance and scale up local climate solutions such as building retrofits and the electrification of transportation.
Announced in Budget 2019, the LC3 network is part of Canada’s $1-billion plan to make communities more energy-efficient. This initiative uses federal investments in partnership with private investors, public agencies, utilities, non-profit organizations and other levels of government to build long-term, low-carbon solutions. The LC3 network supports local community action to improve energy efficiency and to reduce greenhouse gas emissions.
Canada’s energy efficiency sector accounted for more than 436,000 jobs in 2018, with an annual projected growth of eight percent. Investments like these are helping this sector grow faster, creating a better future for Canadians.
The government supports smarter energy initiatives that build a healthier and cleaner future while creating jobs and economic prosperity for all Canadians.
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