Ontario Launches Green Ontario Fund
The Province of Ontario yesterday launched the Green Ontario Fund (the Fund), an agency of the government required by law to invest the proceeds from Ontario's carbon market into programs that reduce greenhouse gas emissions from industry and buildings. The Fund initially announced (1) a dedicated GreenON.ca website and (2) an installations program for smart thermostats.
The Fund is expected to announce additional programs for businesses and homeowners in the coming months. The Fund is one of the central components of Ontario's Climate Change Action Plan released last year.