ABB_id2059
in News Departments > New & Noteworthy
print the content item

Prime Minister Stephen Harper and Quebec Premier Jean Charest have announced that Canada's government intends to provide Quebec with C$349.9 million as part of a new Canada ecoTrust to support provincial projects that will result in reductions of greenhouse gas emissions.

According to the government officials, the Canada ecoTrust will be established using part of the anticipated 2006-2007 budgetary surplus. The resources for the initiative will consist of C$1.5 billion of new funding on a national basis, which will be contained in the upcoming budget and be part of the actions taken on the fiscal imbalance.

The Canada ecoTrust is intended to support projects identified in or building upon Quebec's 2006-2012 action plan for climate change. The funding supports a program to develop renewable energy sources in rural regions and technological research. As a result of this federal funding, the government anticipates 13.8 million tons of carbon dioxide will be reduced.

Canada ecoTrust will be available as soon as Parliament approves the budget, Harper and Charest add.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015