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For Immediate Release: Alberta Ecotrust Foundation Welcomes Federal Government Investment in LC3 in Edmonton

Federal Budget 2019 to Fund New Way of Investing in Local Climate Solutions

Alberta Ecotrust Foundation Welcomes Federal Government Investment in Low Carbon Cities Canada

 

Edmonton, Alberta – March 20, 2019 – The $183 million announced yesterday in the federal budget for Low Carbon Cities Canada (LC3) is a strategic and visionary investment by Natural Resources Canada under the leadership of Minister Sohi to advance practical solutions to climate change in our cities. Climate impacts are being felt most acutely in cities, where half of Canada’s carbon emissions originate from sources such as buildings and industry.

 

LC3 is a network of seven local centres supported by the Federation of Canadian Municipalities (FCM).  A local LC3 Centre in Edmonton will be operated by Alberta Ecotrust Foundation, in partnership with The City of Edmonton, to identify, invest in, and scale up carbon reduction solutions in Edmonton.

 

“This is a strategic and long-term commitment from the Canadian government to local communities in an effort to meet our carbon reduction targets. We look forward to partnering with the City of Edmonton and working with a diverse array of local and national stakeholders to deploy and scale urban climate solutions in the city,” said Rod Ruff, Program Director, Alberta Ecotrust.

 

Modeled on The Atmospheric Fund, the LC3 approach provides the capacity, capital, and risk tolerance necessary to remove barriers to the adoption of new technologies, policies, and financial tools that can reduce urban carbon emissions. LC3’s funding model will be self-sustaining, maximizing the investment announced yesterday. The funds will be invested and fund local programs on a revolving basis – generating ongoing revenues for grants, projects and operations.

 

“The City of Edmonton is pleased to have been part of developing this proposal that will help to advance the goals in our Energy Transition Strategy and create new avenues for emissions reductions within Edmonton. This Centre will provide sustained access to funding in support of greater energy efficiency in buildings and increasing renewable energy generation in the city,” said Robyn Webb, Senior Environmental Project Manager, The City of Edmonton.

 

An LC3 Centre in Edmonton will work with many stakeholders, both inside and outside of the City of Edmonton, to accelerate and scale local projects that are in alignment with the City’s Energy Transition Strategy. Initial projects will focus on deep energy retrofits in the commercial and residential sector, and local deployment of renewable energy. Additionally, the LC3 Centre will work with the City and community partners to ensure low-carbon actions generate valuable local benefits such as public health, good jobs, and improved social equity.  

 

“These funds are an important piece of growing the innovation ecosystem in Edmonton and diversifying our economy to prepare for a low carbon future. An LC3 Centre in Edmonton will invest in local, innovative solutions that support our energy transition goals and help contribute to our long-term prosperity,” said Mayor Don Iveson, The City of Edmonton.

 

For more information contact:

Teigan Kopec
Communications Lead, Alberta Ecotrust Foundation
P: 403 209 2245 ext 105
C: 403 923 8346
[email protected]

 

Quick links:

 

About Alberta Ecotrust Foundation:

Alberta Ecotrust fosters collaboration between companies and environmental nonprofits to improve the health of Alberta’s ecosystems. Alberta Ecotrust programs build bridges, support collaborative leadership and invest in high impact organizations and environmental initiatives in our focus areas of water, land use, and climate change.

 

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