Greening Canada Fund
A new fund will allow organizations to reduce their environmental footprints by investing in local emission reduction projects.
Growing demand, short local supply and our fund
Many organizations in the GTA are seeking to reduce their emissions. Some do so voluntary with the end goal of achieving carbon neutrality. Other organizations do so to satisfy obligations of domestic legislation that may be introduced in the near future. One way for an organization to reduce emissions is to pay for emissions reduction done elsewhere by buying emissions offset credits. Demand for emissions offset credits is growing while the supply of Canadian project-based offset credits remains limited and buyers are turning to international sellers. The Greening Canada Fund will help these organizations reduce their emissions by providing them with access to local greenhouse gas emissions offsets.
Acquiring credits
The Greening Canada Fund will acquire credits by assisting Canadian non-profit, public or quasi-public organizations to undertake GHG emissions reduction projects. These may include projects in schools, colleges, universities, public housing, non-profit housing and hospitals. By providing financial support and access to required expertise, these projects will generate high quality third-party verified emissions offset credits. These offsets will be sold to investors and, where reasonably practicable, the majority of the money generated will be used to facilitate further green projects.
Outcome
By providing companies and other organizations the opportunity to invest in domestic emission reductions projects, the Greening Canada Fund will:
- Benefit the environment by helping to reduce emissions;
- Expand Canada's green technology sector and workforce;
- Build the capacity within Canadian institutions to support a wide range of emissions offset projects; and
- Help Canadian institutions develop the knowledge and skill required to successfully execute emissions-based transactions, preparing them Canadian for a future emissions trading regime.
Greening Canada Fund managers
Green Power Action Inc., a Toronto-based company, will be the Manager of the Fund. The firm's principals, Gerry Rocchi, Phil Schmitt, Robert Elms and Allen Barnstaple bring deep investment fund experience and expertise including over twelve years of Canadian and United States carbon fund project and carbon trading experience.
Learn more
- Press release for the Fund launch
- Download the investor profile to read about the benefit to investors
- Download the offset supplier profile to read about benefits to suppliers