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Carbon market funding to upgrade Ontario schools

Wednesday, February 14, 2018

Ontario is investing in energy improvements at college and university campuses across the province.

This investment is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s cap on pollution and carbon market.

Plans are to install energy-efficient windows and high-efficiency boiler replacements, larger retrofits, upgrades and new construction for projects that achieve significant emissions reductions and/or demonstrate innovative approaches to increase campus sustainability and reduce greenhouse gas pollution.

Funds will also go to projects that reduce energy consumption, greenhouse gas emissions and operating costs through interest-free loans
Ontario’s carbon market proceeds are required by law to be invested in programs that help households, businesses and public institutions reduce greenhouse gas pollution.

In 2017-18, Ontario is investing more than $214 million in grants and making available up to $300 million in interest-free loans to retrofit college and university facilities through the Greenhouse Gas Campus Retrofit Program.

In November 2017, Ontario issued a call for proposals from publicly-assisted colleges and universities for innovative approaches to increase campus sustainability.

“By investing in repairs and retrofits on campuses across the province that will reduce greenhouse gas emissions and improve energy efficiency, we can extend the life of valuable infrastructure and provide students with the best possible learning environment to pursue their goals and achieve their potential,” said Mitzie Hunter, minister of advanced education and skills development.

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