The Climate Action Incentive Fund (CAIF) is a new Environment and Climate Change Canada program, distributing up to $218M in its first year (2019-2020), funded from the proceeds of the federal carbon pollution pricing system. Funding is available where provinces have not devoted to their own carbon pollution pricing systems and would benefit from funding for projects to decrease energy usage, reduce carbon pollution, and save money.
The SME Project Stream provides support to small and medium-sized businesses to undertake retrofit projects in sectors, such as building, transportation, industry, waste, agriculture and more.
- Amount: Up to 25% of projects total eligible costs. Minimum $20,000 to a max of $250,000 per project and per applicant.
- Timeline: Currently open and accepting applications. Launch date was July 17, 2019 and end date is October 14, 2019, or until funding is exhausted. Applicants must complete their project by March 31, 2021.
- Eligibility: Incorporated enterprises of 1-499 employees operating in the provinces of Saskatchewan, Manitoba, Ontario, and New Brunswick.
- Projects: Retrofit projects that reduce energy usage, costs, and/or GHG emissions in sectors such as agriculture, building, electricity, energy, or fuel, industrial, transportation, and waste.
Top Climate Action Incentive Fund Resources:
Climate Action Incentive Fund Overview Blog: This is an overview of Climate Action Incentive Fund, including information regarding the program’s focus, eligibility requirements, and how to apply.
Posted July 31, 2019.