The government invests to decarbonize industry
December 17, 2020 – Ottawa, Ontario
As the Government of Canada continues to protect and support Canadians during this pandemic, it is committed to laying the foundation for a better-prepared, healthier and more prosperous future. Canadians and consumers around the world continue to seek more environmentally friendly products, and businesses are prepared to make the investments to shift their production accordingly.
The Government of Canada is making significant investments to support decarbonization and drive the immediate creation of good-paying, resilient jobs. That’s why the Right Honourable Justin Trudeau, Prime Minister of Canada, recently announced an investment of $3 billion over five years for the new Strategic Innovation Fund – Net Zero Accelerator. This initiative will be delivered via the Strategic Innovation Fund to rapidly expedite decarbonization projects with large emitters, scale up clean technology and accelerate Canada’s industrial transformation across all sectors. This means more competitive and more innovative Canadian industries that provide Canadians with job opportunities today and well into the years to come.
This plan will drive investment into large emissions-reducing and job-creating projects across every region of Canada. The Strategic Innovation Fund – Net Zero Accelerator will have three focus areas:
- support for the development and adoption of clean technology solutions in all industrial sectors;
- support for clean technology development in Canada’s aerospace and automobile manufacturing sectors; and
- support for the development of a Canadian battery innovation and industrial ecosystem, which will build on Canada’s natural resources and leading expertise to develop an end-to-end battery ecosystem in Canada.
The Government of Canada invites companies to apply for funding for the new Strategic Innovation Fund – Net Zero Accelerator. The initiative uses the same program parameters as the current Strategic Innovation Fund but will have an added emissions reduction and sustainability lens. The new Statement of Interest can be obtained by sending an email to ic.sifadmission-fsiadmission.ic@canada.ca.