The Forty Billion Tonnes Challenge and Low Carbon Economy Challenge is part of the Canadian government’s Low Carbon Economy Fund. It leverages Canadian ingenuity to reduce greenhouse gas (GHG) emissions and generate clean growth in support of Canada’s clean growth and climate action plan (the Pan-Canadian Framework on Clean Growth and Climate Change).
The Challenge is divided into two streams:
- Champions stream
- The $450 million Champions stream provides funding to eligible applicants, specifically:
- provinces and territories
- municipalities
- Indigenous communities and organizations
- businesses
- not-for-profit organizations
The deadline for submitting formal proposals was September 28, 2018, and this stream is now closed.
- Partnerships stream
- The $50 million Partnerships stream provides funding through two separate opportunities:
- First intake: $40 million to the following eligible applicants:
- Indigenous communities and organizations
- small and medium-sized businesses
- not-for-profit organizations
- small municipalities
The deadline for submitting applications was March 8, 2019.
- Second intake: up to $10 million for small and medium businesses in Canada with 1 to 499 employees. The deadline for submitting applications was November 15, 2019. This intake is now closed. Thank you to all applicants.
- First intake: $40 million to the following eligible applicants:
LafargeHolcim Chief Sustainability Officer, Magali Anderson, on The ’40 Billion Tonnes’ Challenge.
This slideshow is part of a Reuters Event and brings together CEOs, along with sustainability leaders, every year and is taking place virtually in June 2020. The event is organized by the Ethical Corporation which is a leading platform for business intelligence for sustainability founded in 2001.
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