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Green Investment Fund Announcement

Kitchener MPP Daiene Vernile announces Ontario’s $1 Million investment with the Sustainability CoLab team and members of the CoLab Network.

Ontario Investing in Sustainability CoLab to Help Fight Climate Change

Province Reducing Greenhouse Gas Emissions, Growing Ontario’s Economy

NEWS

February 22, 2016

 

Ontario continues to put its new Climate Change Strategy into action by investing $1 million from the Green Investment Fund in Kitchener’s Sustainability CoLab Network.

 

Sustainability CoLab is an organization that helps businesses of all sizes and sectors set and achieve targets to reduce their environmental impact while enhancing their competitive advantage and stimulating the low-carbon economy. To date, CoLab Network program members have collectively reduced 29,000 tonnes of greenhouse gases – the equivalent of taking more than 6,100 cars off the road.

 

With this investment, CoLab will fund local environmental organizations in their network to help businesses undertake initiatives such as introducing energy-efficiency measures and completing energy retrofits and building audits. Sustainability CoLab expects to help program participants reduce about 50,000 tonnes of greenhouse gas emissions by the end of 2017.

 

Ontario’s new Green Investment Fund is a $325-million down payment on the province’s cap and trade program to strengthen the economy, create jobs and reduce greenhouse gas emissions. . These investments will help secure a healthy, clean and prosperous low-carbon future and transform the way we live, move, work and adapt to our environment while ensuring strong, sustainable communities.

 

Fighting climate change is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives and building a secure retirement savings plan.

 

QUOTES

 

“Successfully fighting climate change while fostering a dynamic and prosperous economy requires a collective effort from government, people, industries and businesses of all sizes. This investment enables local environmental organizations to work with small and medium-sized businesses in the community on innovative, sustainable and practical ways to reduce greenhouse gas pollution.”

— Glen Murray, Minister of the Environment and Climate Change

 

“We have an important opportunity to mitigate the effects of climate, while helping energy efficient businesses grow.  In Waterloo Region, we’re proud to partner with Sustainability CoLab as we work toward our goal of a low-carbon economy.”

— Daiene Vernile, Member of Provincial Parliament, Kitchener-Centre

 

“This game-changing investment from the government of Ontario will support non-profits in the CoLab Network that are creating hubs for the low-carbon economy across the province. It will accelerate their efforts to help businesses track their emissions, set and achieve targets to reduce them, and be celebrated for progress made.”

— Mike Morrice, Executive Director, Sustainability CoLab

 

“Sustainable Waterloo Region is thrilled that Ontario is funding programs like our own Regional Carbon Initiative which supports organizations to reduce their impact, while remaining economically sustainable. We are proud that this program, which was developed, incubated and proven to be successful here in Waterloo Region is now scaling beyond our community. The funding will allow us to enhance our support of members, encourage more target setting and, most importantly, spur GHG reductions across the Region.”

— Tova Davidson, Executive Director, Sustainable Waterloo Region

 

QUICK FACTS

 

 

LEARN MORE
Green Investment Fund

Ontario Climate Change Strategy

Sustainability CoLab

Ontario’s Business Growth Initiative

 

FOR MEDIA INQUIRIES ONLY:                    

Dorothy McCabe | Office of MPP Daiene Vernile | 519-579-5460

 

 

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Posted in News & Updates, Press Releases