Announcing Funding to Improve Energy Efficiency in Ontario’s Industrial Facilities
October 30, 2024
The Government of Canada announced today that it will invest $20 million to support energy efficiency projects in Ontario’s industrial facilities. This investment is part of the government’s plan to reduce Canada’s emissions by 40% below 2005 levels by 2030.
“Improving energy efficiency in industrial facilities is an important step in reducing Canada’s emissions and fighting climate change,” said the Honourable Seamus O’Regan, Minister of Natural Resources. “This investment will help Ontario’s industrial sector reduce its energy consumption, save money, and create jobs.”
The funding will be used to support projects that improve the energy efficiency of industrial processes, such as lighting, heating, and cooling systems. Eligible projects will include:
- Retrofits of existing equipment
- Installation of new energy-efficient equipment
- Process optimization and control systems
“This funding will help Ontario’s industrial sector become more competitive and reduce its environmental footprint,” said the Honourable Todd Smith, Ontario’s Minister of Energy. “We are committed to working with our partners to support energy efficiency and reduce emissions in all sectors of our economy.”
The funding will be administered by Natural Resources Canada’s Industrial Energy Efficiency Program. The program provides financial assistance to businesses and organizations to help them implement energy efficiency projects.
“We are pleased to partner with the Government of Canada on this important initiative,” said Jayson Myers, President and CEO of the Canadian Manufacturers & Exporters (CME). “Energy efficiency is a key factor in improving the competitiveness of Canada’s manufacturing sector. This funding will help our members reduce their energy costs, improve their productivity, and reduce their emissions.”
The Industrial Energy Efficiency Program is part of the government’s broader commitment to reducing Canada’s emissions and fighting climate change. The government has invested over $1 billion in energy efficiency programs since 2015 and has set a target of reducing Canada’s energy use by 30% by 2030.
Announcing Funding to Improve Energy Efficiency in Ontario’s Industrial Facilities
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