Wednesday, December 3, 2008

Canadian Municipal Green Incentives

Canadian cities are offering a range of incentives from $250,000 Green grants to rebates to help with the purchase of eligible water efficient clothes washers. As reported in ENN.com, the municipal government of Toronto is supporting environmental innovation. The 'Live Green Toronto program', will allocate $20 million over the next five years for citizen-driven carbon savings projects. The funding, in the form of subsidies, will go to projects that will help the city to reduce its carbon footprint 6% by 2012 (30% by 2020 and 80% by 2050). Funding will especially be directed to people looking to invest in equipment and materials.

Numerous other Canadian municipalities also offer incentives to go Green. The city of Medicine Hat is offering up to $10,000 in incentives, $1,000 for certified buildings. 50 per cent of the installed cost of a solar water heating system to a maximum of $3,000. 50 per cent of the cost associated with a microgeneration installation to a maximum of $6,000. The City of Lethbridge is offering homebuyers rebates for houses that meet environmental performance targets. Rebates between $2,500 and $3,500 are available for houses that meet "silver" or "Gold" standards of environmental achievement. To see Hamilton's and Burnaby's responses to peak oil, click here. To see Victoria's incentives for high-efficient clothes washers, click here.

Next: To Bail or Not to Bail: Financing the American Auto Industry

No comments: