Ontario is helping researchers, entrepreneurs and companies create and commercialize new, globally competitive, low-carbon technologies that will reduce greenhouse gas emissions (GHG) in the province.
Daiene Vernile, Parliamentary Assistant to Reza Moridi, Minister of Research, Innovation and Science, was in Kitchener today to make the announcement.
The Low Carbon Innovation Fund (LCIF) will support emerging, innovative technologies in areas such as alternative energy generation and conservation, new biofuels or bioproducts, next-generation transportation or novel carbon capture and usage technologies. Successful technologies will need to show significant potential to reduce greenhouse gas emissions in Ontario. This initiative is part of Ontario's Climate Change Action Plan and is funded by proceeds from the province's carbon market.
The fund includes two streams:
Projects eligible for funding include new GHG reduction technology that addresses a specific need, and projects that show a significant improvement to an existing GHG reduction technology solution.
Supporting innovation while reducing greenhouse gas emissions is part of our plan to create jobs, grow our economy and help people in their everyday lives.
Source: Ministry of Research, Innovation and Science of Ontario, Canada
Illustration Photo: ORNL's Charles Seipp synthesized a simple compound known as guanidine that was found to bind strongly with carbon dioxide directly from the air and form insoluble carbonate crystals that are easily separated from water. (credits: Oak Ridge National Laboratory / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))