Canada’s Minister of Natural Resources, the Honourable Jim Carr, has announced the launch of a CA$200 million Expression of Interest (EoI) for the innovative Emerging Renewable Power Program to expand renewable energy sources available to provinces as they work to reduce emissions from their electricity sectors while establishing new green industries in Canada.
Announced January 18, the funding is part of the Government’s investment of CA$21.9 billion over 11 years to support green infrastructure under the Pan-Canadian Framework on Clean Growth and Climate Change and will help drive Canada’s efforts to build a clean economy by expanding commercially viable, investment-ready, renewable power technologies, such as tidal, geothermal and offshore wind.
The program will reduce the risks associated with these technologies, help reduce their cost, and allow the sector to more easily navigate through regulatory issues, making the technology more accessible in the long run. Over time, this will help Canada’s electricity system draw on a more diverse set of clean technologies, and make an even greater contribution to our climate change commitments.
This program will help pave the way to a low-carbon future by further diversifying Canada’s clean electricity mix, reducing greenhouse gas emissions and supporting the growth of clean jobs and new green industries, said Minister Carr.