Up-Front Multi-Year Funding 2013-14
- Green Municipal Fund (GMF)
- Sustainable Development Technology Canada (SDTC) for the NextGen Biofuels Fund™
- Sustainable Development Technology Canada (SDTC) (Statutory) - SD Tech Fund™
Green Municipal Fund (GMF) (Statutory)
Strategic Outcome: 2) Natural Resource Sectors and Consumers are Environmentally Responsible
Program activity: 2.1) Energy–efficient Practices and Lower-carbon Energy Sources
Name of recipient: Green Municipal Fund (GMF) (Statutory)
Federation of Canadian Municipalities’ (FCM) Green Municipal Fund (GMF) formerly known as the Green Municipal Enabling Fund (GMEF) and the Green Municipal Investment Fund (GMIF)
Start date: March 31, 2000
End date: In perpetuity
Description:
The Government of Canada endowed the Federation of Canadian Municipalities (FCM), a non-profit organization, with $550 million* to establish the Green Municipal Fund (GMF) to provide long-term, sustainable financing for municipal governments and their partners. The GMF invests in plans, studies and projects that provide the best examples of municipal leadership in sustainable development and that can be replicated in other Canadian communities.
The intent of the GMF is to encourage investment in environmental municipal infrastructure. Specifically, the priorities of the fund are to have a positive impact on the health and the quality of life of Canadians by reducing greenhouse gas emissions, improving local air, water and soil quality and promoting renewable energy by supporting environmental studies and projects within the municipal sector. Additional considerations include the potential for economic and/or social benefit.
The amount of GMF financing available to municipalities is directly related to the environmental, economic and social benefits of the projects undertaken. Grants of up to 50% to a maximum of $175,000 are available for plans, studies and field tests. GMF can provide below-market financing for capital projects up to 80% of costs to a maximum of $10 million in loans combined with up to $1 million in grants (up to a maximum of 20% of the loan amount) per project. Brownfield projects are eligible for below-market loans only, with no funding limit.
Under the GMF agreement, the Government of Canada (represented by Natural Resources Canada (NRCan) and Environment Canada) participates in the governance of this revolving fund, along with representatives from the public and private sectors, including municipal officials and technical experts, through a Peer Review Committee and an Advisory Council. The FCM Board of Directors approves projects based on the Council’s recommendations.
| ($ millions) | ||||
|---|---|---|---|---|
| Total Funding | Prior Years' Funding | Planned Funding 2013-14 |
Planned Funding 2014-15 |
Planned Funding 2015-16 |
|
Statutory* |
275.00 | 0.0 | 0.0 | 0.0 |
* NRCan’s contribution via the GMF Funding agreement is $275 million. Environment Canada contributes the other $275 million.
Summary of annual plans of recipient: More details can be found in the Green Municipal Fund website at http://www.fcm.ca/home/programs/green-municipal-fund/about-the-program.htm
Link recipient's site: http://www.fcm.ca
Sustainable Development Technology Canada (SDTC) for the NextGen Biofuels Fund™
Strategic Outcome: 2) Natural Resource Sectors and Consumers are Environmentally Responsible
Program activity: 2.1) Energy–efficient Practices and Lower-carbon Energy Sources
Name of recipient: Sustainable Development Technology Canada (SDTC) for the NextGen Biofuels FundTM
Start date: July 30, 2007
End date: Agreement ends Sept. 30, 2027; last disbursement of funds to SDTC by March 31, 2015
Description: : SDTC is managing the NextGen Biofuels Fund™ (NGBF), which will support up to 40% of eligible project costs to a maximum of $200 million per project for the establishment of first-of-kind, large-scale demonstration next-generation renewable fuel production facilities to encourage the future sustainability and success of renewable fuels. Next-generation renewable fuels are derived from non-traditional renewable feedstocks, such as forest biomass, fast-growing grasses, and agricultural residues, and are produced with non-conventional conversion technologies.
Since next-generation technologies are capital equipment intensive, they constitute a greater debt financing risk. The support provided by the NGBF will encourage the retention and growth of technology expertise and innovation capacity for next-generation renewable fuels production in Canada.
Of the $500 million* in total funding, $200 million is statutory funding. The remaining $300 million in funding is to be appropriated by Parliament over the period 2008-09 to 2014-15.
| ($ millions) | ||||
|---|---|---|---|---|
| Total Funding | Prior Years' Funding | Planned Funding 2013-14 |
Planned Funding 2014-15 |
Planned Funding 2015-16 |
|
Statutory |
Statutory |
Statutory |
Statutory |
Statutory |
|
Appropriation |
Appropriation |
Appropriation |
Appropriation |
Appropriation |
|
Total |
Total 95.7** |
Total 50.0 |
Total 104.3 |
Total 0.0 |
* Natural Resources Canada's contribution via the SDTC NextGen Biofuels agreement is $250 million. Environment Canada contributes an equal amount of $250 million.
** Of the $95.7 million, a total of $33.2 million has been transferred to SDTC.
Summary of annual plans of recipient: SDTC Corporate Plan for 2013 released October 2012. Executive summary posted on website below.
Link recipient's site: www.sdtc.ca
Sustainable Development Technology Canada (STDC) (Statutory) - SD Tech Fund™
Strategic Outcome: 2) Natural Resource Sectors and Consumers are Environmentally Responsible
Program activity: 2.2) Technology Innovation
Name of recipient: Sustainable Development Technology Canada (SDTC) (Statutory) - SD Tech Fund™
Start date: March 26, 2001
End date: June 30, 2017
Description: To stimulate the development and demonstration of innovative Canadian technological solutions that address climate change, clean air, clean water and clean soil.
| ($ millions) | ||||
|---|---|---|---|---|
| Total Funding | Prior Years' Funding | Planned Funding 2013-14 |
Planned Funding 2014-15 |
Planned Funding 2014-15 |
| 295* | 275.0 | 0.0 | 12.5 | 3.0 |
* Natural Resources Canada’s contribution toward the SD Tech Fund TM is $295 million. Environment Canada contributed an equal amount of $295 million.
Summary of annual plans of recipient: SDTC submits a corporate plan in November of each year that describes plans and provides a forecast for the following year. It includes a disbursement plan, planned administration expenditures, objectives and proposed actions, an investment update, operating strategy, and performance expectations. The SDTC Annual Report and a summary of the corporate plan are tabled in the House of Commons by the Minister of Natural Resources, usually during the summer.
SDTC typically holds two rounds of funding each year, initially requesting Statements of Interest (SOI) from applicants. The application process takes about nine months to complete after the receipt of the SOI.
SDTC has completed 19 funding rounds and allocated a total of $560 million to 228 projects. At least $150 million of the fund is to go towards clean water or soil projects, the ratio between these determined by the merit of applications received. Of the balance of the fund, 80% is to be disbursed towards climate change projects and 20% towards projects that are primarily clean air projects.
Total annual greenhouse gas reduction in 2015, attributable to the 228 projects SDTC has funded since inception, is projected by the Foundation to be between 7 and 17 megatonnes of carbon dioxide equivalent (Mt CO2e).
Link recipient's site: www.sdtc.ca
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