The Government of Canada has launched a call to action, inviting businesses to put forward projects for the industrial decarbonisation of high-emitting sectors.
It will work together with the private sector to significantly reduce carbon emissions and set a pathway towards reaching net zero by 2050.
Projects are being sought that offer significant and short term emission reductions within the next decade to help Canada meet its climate targets and those that may be in the early stages of development but have long term potential to set high-emitting sectors on a transformative path to net zero by 2050 or sooner.
The government previously earmarked CAD$8 billion (£4.8bn) through the Net Zero Accelerator (NZA) initiative to support the decarbonisation of domestic high emitters, drive the green transformation of industry and help develop clean technologies and a battery ecosystem in Canada.
François-Philippe Champagne, Minister of Innovation, Science and Industry said: “Our government is calling for ambitious and innovative projects from companies in high-emitting sectors to help Canada scale up our cleantech sector as we chart a path to net zero.
“By supporting businesses that understand the economic benefit of lower emissions, we’re prioritising a strong and sustainable economy, Canadian jobs and ensuring a cleaner future for generations to come.”