The Government of Ontario today announced the next major step in its efforts to reduce greenhouse gas pollution, in line with the Climate Change Action Plan.
The Green Ontario Fund today launched GreenON Industries, a program up to $200 million, focused on reducing industrial and commercial greenhouse gas pollution. Ontario Centres of Excellence will manage the GreenON Industries program on behalf of the Green Ontario Fund.
The GreenON Industries program will accelerate the adoption of technology innovations and help Ontario meet pollution reduction targets while creating high-quality jobs. It will also drive the province’s transition to a low-carbon economy and reduce the payback period for implementing innovations that reduce greenhouse gas pollution by year 2020 and 2030.
In addition, deploying leading-edge technologies at industrial facilities will help Ontario industry remain globally competitive while building the capacity and expertise of Ontario-based technology and service-provider companies.
The application-based program has two streams:
Technology Deployment Stream (up to $5 million in matching funding for each eligible project).
Large-Scale Technology Deployment and Facility Modernization Stream (up to $20 million in matching funding per eligible project).
The GreenON Industries program is funded by the Green Ontario Fund, a non-profit provincial agency launched this summer and mandated to help reduce greenhouse gas pollution through funds raised by Ontario’s carbon market auctions. The other two priority areas for the Green Ontario Fund are homeowners/renters and small businesses.
GreenON Industries builds on the success of TargetGHG, an industry-focused greenhouse gas pollution reduction program launched in February 2016 and will help Ontario meet its 2020 emissions reduction target of 15 per cent and 2030 reduction target of 37 per cent below 1990 levels.
For more information on the GreenON Industries program, please visit the Green Ontario Fund website or contact:
416.861.1092 ext. 1033