TORONTO—Sarah Petrevan, senior policy advisor for Clean Energy Canada, made the following statement in response to the launch of the Green Ontario Fund, a new provincial agency created by the Government of Ontario:
“With the launch of the Green Ontario Fund, the province is putting revenue from carbon pollution fees to good use.
“The Fund is designed to help Ontarians use less energy and save on electricity costs. Making the new programs easy to access will be essential to the Fund’s success.
“Ontario’s successful cap-and-trade auctions have generated millions of dollars to put toward practical solutions that support clean growth. We look forward to seeing the Green Ontario Fund expanded with programs to support energy savings for small businesses and invest in clean technologies—important steps that will spark innovation and spur our economy forward.”
- Buildings, including residential, commercial, and institutional, make up 20 per cent of Ontario’s emissions
- Ontario will host its third cap-and-trade auction on September 6, 2017
- The Green Ontario Fund will put $377 million from cap-and-trade proceeds into energy efficiency measures for Ontario residents, small businesses and industry.