A new program from the Green Ontario Fund is supporting industries to reduce greenhouse gas pollution from their facilities or manufacturing processes.
GreenON Industries is a program that will provide up to $200 million in matching funding for eligible projects that reduce greenhouse gas (GHG) pollution in buildings and the production of goods by large GHG emitters and other industrial, commercial and institutional facilities. Eligible projects may include switching to less carbon-intensive fuels, redirecting carbon dioxide emissions back into production processes, upgrading energy inefficient production equipment and introducing production processes that require fewer energy resources.
“GreenON Industries will accelerate Ontario’s transition to a low-carbon economy, while helping our industry and clean-technology innovators become more globally competitive,” said Parminder Sandhu, Chair of the Green Ontario Fund Board of Directors, in a press release. “As envisioned in the Climate Change Action Plan, we’re using proceeds from the carbon market to create a prosperous and resilient economy for the people of Ontario and a healthier and sustainable environment.”
The TargetGHG program, a similar industry-facing program, was launched in February 2016 by the Ontario Centres of Excellence. TargetGHG brings together large industries, innovative cleantech companies and research consortiums to develop new technologies to help lower greenhouse gas emissions, support innovation and strengthen the economy.
Nine successful applicants for TargetGHG’s Industrial Demonstration Program were announced last week, along with three projects in the Collaborative Technology Development Program and five projects in the Collaborative R&D Program. These projects include using landfill gas to generate electricity in an auto plant, a fast-charging station for electric vehicles and a more efficient way of capturing solar energy.
“Supporting the efforts of large industries to reduce their greenhouse gas emissions is an important part of our government’s Climate Change Action Plan,” said Reza Moridi, Ontario’s Minister of Research, Innovation and Science. “With the help of our province’s innovative cleantech companies, the TargetGHG program will help build a prosperous, low carbon economy and create a cleaner, more sustainable future for Ontario.”
Both programs are important parts of the province’s plan to reduce greenhouse gas pollution from industry, which accounts for almost a third of the province’s greenhouse gas emissions. Companies that are interested in learning about how to qualify and apply for the new GreenON Industries program should visit GreenON.ca for more information.