Create a new Low Carbon Economy Trust.

Low Carbon Economy Fund to reduce greenhouse gas emissions and generate clean growth

Government News Release June 15, 2017

Today, the Minister of Environment and Climate Change, Catherine McKenna, announced a $2 billion Low Carbon Economy Fund. Projects that will be considered under the Fund will reduce emissions, create jobs and save Canadians and companies money by making homes and buildings more efficient; help companies innovate or use technologies to reduce their emissions; and support the forest and agriculture sectors to enhance stored carbon in forests and soils.

Environment Minister Catherine McKenna announces 20 municipal green grants, loans

CBC News February 10, 2016

During a speech to about 400 delegates of the Federation of Canadian Municipalities, Environment Minister Catherine McKenna announced the creation of the Low Carbon Economy Trust, which will pledge $2 billion over the course of four years to projects that "materially" reduce emissions.

McKenna said the trust will also support projects in clean energy that can be commercialized, scaled-up and exported.