Net Zero Accelerator Initiative: Funding Projects That Lead to a Net-Zero Economy

Are you passionate about cleaning up the atmosphere and taking part in transforming Canada’s economy for clean and long-term growth? The Net Zero Accelerator (NZA) Initiative is helping Canada reach its goals of substantially reducing its greenhouse gas (GHG) emissions by 2030 and having a net-zero economy by 2050.

Partaking in the initiative will transform key sectors ensuring long term sustainability and competitive advantages, accelerate the adoption of clean technologies across the economy, and establish battery innovation and an industrial ecosystem.

Type of Funding Available:

The initiative is providing up to $8 billion to support projects that will reduce greenhouse gas emissions in Canada.

Eligible Applicants:

  • For-profit companies incorporated in Canada
  • Academic institutions
  • Non-profit organizations
  • Private sector

Eligible Projects:

As part of the Strategic Innovation Fund (SIF), prioritized projects are those from high emitting sectors that are approaching a final investment decision and that will drive the reduction of greenhouse gas emissions in Canada within the next decade.

The NZA supports projects that promote:

Decarbonization of large emitters

Supporting decarbonization by investing in the adoption of clean technology and processes that will significantly drop the GHG footprint by 2030, and create a pathway to net zero by 2050.

  • Examples: adoption of carbon capture, utilisation and storage (CCUS) technology, energy efficiency retrofits, electrification of processes and equipment, and targeting fossil fuel use.

Clean technology and industrial transformation

Develop Canada’s transition to a competitive and sustainable low-carbon economy by:

  • Assisting in transforming key industrial sectors to be greener, including automotive, aerospace, agriculture, and agri-food
  • Taking advantage of increasing global demand for innovative, net-zero technologies to develop and strengthen the clean sector in Canada

Development of a Canadian batteries ecosystem

Positively impacts the establishment of a domestic battery supply chain, leveraging Canada’s resources and tech advantage, resulting in long term greenhouse gas emissions and new jobs for Canadians.

  • Examples: cathode manufacturing, anode manufacturing, battery cell manufacturing, electric vehicles

Applicants must follow the processes for Business Innovation and Growth or Collaborations and Networks.

  • Projects must reduce GHG emissions in Canada through clean technology, industrial transformation and develop a Canadian battery ecosystem.
  • Operations must remain in Canada.
  • Make long-term commitments to Canada with clear benefits that will advance Canada’s commitment towards net zero emissions by 2050.
  • Have clear economic and innovation benefits, such as:
    • Create and maintain high-skill, long-term employment in Canada
    • Increase business revenue, exports and the Canadian supply chain
    • Bring and keep significant R&D to Canada
  • Have clear public benefit such as:
    • Improve employment equity/diversity and safety/human health
    • Substantial investments and impact in the local community

Deadline:

The NZA is part of the Strategic Innovation Fund, and accepts applications on an ongoing, non-competitive basis.

Call EVAMAX today to get started on your application!

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