Energy Efficiency Policies and Measures
Green Municipal Funds
| Date Promulgated | 1999 |
|---|---|
| Date Effective | 2000 |
| Unit | |
| Country |  Canada |
| Year | 2000 |
| Policy Status | Superseded |
| Agency | •Federation of Canadian Municipalities (FCM) |
| Funding | C$125 million |
| Policy Superseded by | Doubling of Green Municipal Funds |
| Policy Type |
•Education and Outreach •Advice/Aid in Implementation •Financial •Funds to Sub-National Governments •Incentives/Subsidies •Grants •Preferential Loans •Public Investment •Infrastructure Investment •Regulatory Instruments •Auditing/Benchmarking •Voluntary Agreement |
| Policy Target | •Framework Policy |
| Policy Type |
•Education and Outreach •Advice/Aid in Implementation •Financial •Funds to Sub-National Governments •Incentives/Subsidies •Grants •Preferential Loans •Public Investment •Infrastructure Investment •Regulatory Instruments •Auditing/Benchmarking •Voluntary Agreement |
| URL | www.fcm.ca |
| Description | The Government of Canada established two complementary funds ($125 million in federal budget 2000) to stimulate investment in innovative municipal infrastructure projects and environmental practices by Canadian municipal governments and their public and private-sector partners. There are two funds: the Green Municipal Enabling Fund (GMEF) - C$25 million; and the Green Municipal Investment Fund (GMIF) - C$100 million. GMEF provides grants for cost-shared feasibility studies to improve the quality of air, water and soil through greater energy efficiency, the sustainable use of renewable and non-renewable resources and more efficient water, waste and waste water management. GMIF supports the implementation of innovative environmental projects. Through GMIF, a municipal government can borrow at preferred interest rates of 1.5 per cent below the Bank of Canada bond rate. Partners are also eligible for loans at attractive rates. The Fund also provides grant funding for pilot projects with significant environmental impact and replication on a regional or national basis. |