The Honourable Bernard Davis, Minister of Environment and Climate Change, today announced a call for proposals for the Newfoundland and Labrador Greenhouse Gas Reduction Fund to further support industrial initiatives that reduce greenhouse gas emissions.
The Greenhouse Gas Reduction Fund is an application-based funding program that provides financial assistance to support projects that result in verifiable greenhouse gas reductions in industrial sectors across the province. The industrial sector includes electricity generation, mining and quarrying, oil and gas, as well as manufacturing.
Further information on application eligibility and guidelines is available here. The deadline to apply is July 26, 2024.
Valued at over $431,000, the Greenhouse Gas Reduction Fund was established under the Management of Greenhouse Gas Act and is funded solely by regulated industrial facilities. Under the Act, industry operators make payments to the Greenhouse Gas Reduction Fund to purchase credits to offset emissions.
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“Our Government remains committed to ensuring a sustainable and green Newfoundland and Labrador for future generations. The Greenhouse Gas Reduction Fund is a significant step towards this goal. I encourage industry players to avail of this opportunity and be an active participant in the global transition to a low carbon economy.”
Honourable Bernard Davis
Minister of Environment and Climate Change
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Learn more
Greenhouse Gas Reduction Fund Application
Greenhouse Gas Reduction Fund Program Guidelines
Management of Greenhouse Gas Act
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