Chapter 4 > Supporting the Pan-Canadian Framework on Clean Growth and Climate Change
In the context of the pan-Canadian Framework on Clean Growth and Climate Change, the Government has committed to create a Low Carbon Economy Fund.
Budget 2016 proposes to provide $2 billion over two years, starting in 2017–18, to establish the Low Carbon Economy Fund.
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.