TORONTO — College and university campuses across the province will get funding from Ontario’s Carbon Market to improve energy efficiency and reduce greenhouse gas pollution.
The investment is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s cap on pollution and carbon market.
According to a release, funding will be used for installing energy-efficient windows and high-efficiency boiler replacements; larger retrofits, upgrades and new construction for projects that achieve significant emissions reductions and/or demonstrate innovative approaches to increase campus sustainability and reduce greenhouse gas pollution; and projects that reduce energy consumption, greenhouse gas emissions and operating costs through interest-free loans.
Ontario’s carbon market proceeds are required by law to be invested in programs that help households, businesses and public institutions reduce greenhouse gas pollution, adds the release.
“By investing in repairs and retrofits on campuses across the province that will reduce greenhouse gas emissions and improve energy efficiency, we can extend the life of valuable infrastructure and provide students with the best possible learning environment to pursue their goals and achieve their potential,” said Mitzie Hunter, minister of advanced education and skills development, in a statement.