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The funds will finance clean energy developments and grid modernisation efforts.
- The funds will be launched as part of the SREPs programme.
- The Canadian government hopes to achieve net-zero by 2050.
The Smart Renewables and Electrification Pathways Program (SREPs) aims to build Canada’s low-emissions energy future and a clean energy-centric economy. The Canadian government hopes that these investments will help the country to reach net-zero emissions by 2050.
Through SREPs and other programmes, the government will work with provinces and territories, utilities, Indigenous partners and other stakeholders to develop and deliver clean energy projects. This programme will complement Canada’s strengthened climate plan, ‘A Healthy Environment and a Healthy Economy.’