Supporting the Fonds d’action québécois pour le développement durable to boost the environmental transition
January 16, 2025
The Government of Canada is investing $20 million in the Fonds d’action québécois pour le développement durable (FAQDD) to support the environmental transition and create good jobs for Canadians.
This investment will help FAQDD continue to provide financing to innovative projects that reduce greenhouse gas emissions, protect biodiversity, and promote sustainable development in Quebec.
The FAQDD is a private equity fund that invests in companies and projects that are developing and implementing solutions to environmental challenges. Since its inception in 2011, the FAQDD has invested over $100 million in more than 50 projects. These projects have helped to reduce greenhouse gas emissions by over 2 million tonnes, create over 1,000 jobs, and protect over 1 million hectares of land.
The Government of Canada’s investment in the FAQDD is part of its commitment to support the environmental transition and create good jobs for Canadians. The government is committed to investing in projects that will help Canada meet its climate change targets and build a more sustainable future.
The FAQDD is a key partner in the Government of Canada’s efforts to support the environmental transition. The fund’s investments are helping to create good jobs, reduce greenhouse gas emissions, and protect the environment.
Quotes
“The Government of Canada is committed to supporting the environmental transition and creating good jobs for Canadians,” said the Honourable Steven Guilbeault, Minister of Environment and Climate Change. “This investment in the Fonds d’action québécois pour le développement durable will help to accelerate the development and implementation of innovative solutions to environmental challenges.”
“The Fonds d’action québécois pour le développement durable is a key partner in our efforts to build a more sustainable future for Quebec,” said the Honourable Benoit Charette, Minister of the Environment and the Fight against Climate Change. “This investment will help the fund to continue to support innovative projects that are reducing greenhouse gas emissions and protecting the environment.”
“The FAQDD is grateful for the Government of Canada’s investment,” said Alain Carrier, President and CEO of the FAQDD. “This investment will help us to continue to support innovative projects that are making a real difference in the fight against climate change.”
Quick Facts
- The Government of Canada’s investment in the FAQDD is part of its $1.5 billion Climate Action and Awareness Fund.
- The FAQDD is a private equity fund that invests in companies and projects that are developing and implementing solutions to environmental challenges.
- Since its inception in 2011, the FAQDD has invested over $100 million in more than 50 projects.
- These projects have helped to reduce greenhouse gas emissions by over 2 million tonnes, create over 1,000 jobs, and protect over 1 million hectares of land.
Supporting the Fonds d’action québécois pour le développement durable to boost the environmental transition
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