Ontario invests $100 million to boost cleantech innovation
Investment includes $25 million for an energy efficiency program to help small and medium-sized businesses reduce emissions.
TORONTO — Ontario is investing nearly $100 million from the Ontario Green Investment Fund into projects that will reduce greenhouse gas emissions, increase energy efficiency and support cleantech innovation and jobs, effectively putting the province’s contentious Climate Change Strategy into action
Premier Kathleen Wynne made the announcement at Morgan Solar in Toronto to announce the two new programs for business.
The government will invest $74 million in a cleantech innovation initiative to reduce greenhouse gas pollution by encouraging large industrial plants to adopt leading-edge technologies and supporting entrepreneurs in developing creative solutions.
The government is partnering with the Ontario Centres of Excellence on the initiative.
The province is also investing $25 million in a Green Smart energy efficiency program to help small and medium-sized businesses reduce emissions and become more energy efficient.
The Evaluating Opportunities for Energy and GHG Reduction study will target 100 Ontario SME manufacturing facilities to develop energy conservation, energy management and energy efficiency retrofits best practices.
CME said the study will identify the impacts of advanced technology and productivity enhancement investments made in Ontario’s manufacturing sector to date. The compilation of best practices in attaining energy conservation and reduced greenhouse gas emissions will act as a guide to create a stronger and more agile SME manufacturing sector.