|Policy Type:||Voluntary Approaches, Economic Instruments>Fiscal/financial incentives, Policy Support, Economic Instruments>Fiscal/financial incentives>Loans, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Direct investment>Infrastructure investments, Economic Instruments>Direct investment>Funds to sub-national governments, Information and Education>Advice/Aid in Implementation, Regulatory Instruments>Auditing, Regulatory Instruments>Other mandatory requirements|
|Agency:||Federation of Canadian Municipalities (FCM)|
In the federal budget 2000, the Government of Canada established two complementary funds to stimulate investment in innovative municipal infrastructure projects and environmental practices for Canadian municipal governments and their public and private-sector partners. The Government of Canada is providing $125 million to encourage projects and studies in communities. The funds leverage investments from municipal, provincial and territorial governments, and stimulate public and private partnerships. 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.
|This record is superseded by:||Green Municipal Funds|
Last modified: Thu, 13 Jul 2017 11:58:35 CEST