CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Feds issue call to action for industrial decarbonization

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The federal government has issued a call to action to industry leaders, inviting them to “put forward their most ambitious projects to help Canada meet its climate goals.”

Through this call to action, the government and private sector will work together to identify projects that will support the decarbonization of key sectors of Canada’s economy, says François-Philippe Champagne, Minister of Innovation, Science and Industry.

Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, today announced a call to action to industry leaders, inviting them to put forward their most ambitious projects to help Canada meet its climate goals. Through this call to action, the government and private sector will work together to identify projects that will support the decarbonization of key sectors of Canada’s economy.

One of the key instruments in this collaboration is the Strategic Innovation Fund’s Net Zero Accelerator (NZA) initiative. The Government of Canada has already earmarked $8 billion through the NZA to support the decarbonization of domestic high emitters, to drive the green transformation of Canadian industry, and to help develop clean technologies and a Canadian battery ecosystem.

The result of this initiative will demonstrate how the private and public sectors can collaborate to significantly reduce emissions and set a path to net zero by 2050. Ambitious and high-impact projects identified through this process will contribute to the future of Canada’s sustainable economy.

Industry partners can explore possibilities through one of two strategic investment paths:

Path 1: High-emitting sectors—Proposals that offer significant and short-term emission reductions within the next decade, helping Canada meet climate targets and likely contributing to broader economic, innovation, social or other types of benefits.  The proposal deadline is June 30.

Path 2: Transformational ideas pathway—Proposals that may be in earlier stages of development but that have long-term potential to set high-emitting sectors on a transformative path to net zero by 2050 or sooner. The transformational ideas pathway is now open, on an ongoing basis, to engage with companies as they move through the project development process, build partnerships and seek access to appropriate federal funding. Companies will meet with the new Industrial Decarbonization Team—a dedicated team of specialized officials who will provide tailored guidance and advice on meeting the government’s industrial decarbonization priorities. Interested proponents should contact the Industrial Decarbonization Team at
[email protected]

Potential applicants are invited to attend an information session about this funding opportunity on April 5, 2022. For further information, visit the  information session sign-up page.

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