The Ontario government is offering more money to support the development of alternative energy and conservation, bioproducts and new carbon capture and use technologies. The Low Carbon Innovation Fund was launched this week.
Funded from the proceeds of the province’s carbon market, the LCIF will have two streams. The first is a technology demonstration stream with a focus on supporting the development and commercialization of low carbon technologies in real-world testing. Expressions of interest for the demonstration stream are due September 22.
The second is for earlier stage technologies with funds available for proof of concept or prototypes from Ontario companies or academic groups. The technology validation stream will be open for applications in the fall.
"Research and innovation are critical to addressing the global challenge of climate change. The Low Carbon Innovation Fund will help our innovators advance their concepts, create jobs and lead to a cleaner, healthier environment and a better quality of life for Ontario families and people around the world,” said Reza Moridi, Minister of Research, Innovation and Science.
Projects eligible for funding include new greenhouse gas emissions reduction technology that addresses a specific need, and projects that show a significant improvement to an existing GHG reduction technology solution.