British Columbia is investing $35 million towards new clean energy projects, through the CleanBC Industry Fund.
The fund invests part of B.C.’s industrial carbon pricing system into projects that reduce greenhouse gas emissions from large industrial operations.
Businesses are eligible to apply if they have emissions over 10,000 tonnes of carbon dioxide equivalent per year and report their greenhouse gas emissions.
The province said since launching in 2019, the fund has committed more than $368 million to 173 projects throughout B.C. It said those projects are expected to reduce more than 14 million tonnes of greenhouse gases over 10 years.
The latest data from the province show B.C. reported 65.6 million tonnes of greenhouse gases in 2022.
The province said the CleanBC Fund has leveraged an average of two dollars in additional investment from industry and other partners for every one dollar invested.
Applications for the 2025 funding round are open.
A list of 2024 funding recipients is posted on the B.C Government’s website.
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