Source: http://lc3.ca/
Low Carbon Cities Canada (LC3) is an
initiative that will support and accelerate urban carbon emission reduction
actions, helping Canada meet the 2030 and 2050 climate change mitigation
targets. LC3 is a partnership between the Federation of Canadian Municipalities and
seven local centers located in largest metropolitan areas - Vancouver and
the Lower Mainland, Edmonton, Calgary, the Greater Toronto & Hamilton Area,
Ottawa, Montreal Metropolitan Community, and the Halifax
region, representing 43 per cent of the country’s population, and working
in partnership with the Federation of Canadian Municipalities. These centers
will be serving more than 100 cities and towns all over the country.
LC3 is built using 30 years of successful
experience of The
Atmospheric Fund (TAF) supported by the City of Toronto and Province
of Ontario.
The LC3
approach provides the capacity, capital, and risk tolerance necessary to remove
the policy, regulatory and informational barriers to the adoption of new
technologies and financial tools that can reduce urban carbon emissions.
The
federal investment will support LC3 in the commercialization of low carbon
technologies through the identification of their needs and priorities,
facilitation of demonstration and lowering risks for public and private
investments.
Building
retrofits and net-zero construction, distributed renewable power, and
zero-waste circular economy are among LC3's priority areas.
It is
expected that investments will be focused on carbon mitigation actions with
carbon reduction costs under $20 per tonne and it will allow to cut 9 million tonnes of CO2 annually, as well
as to create 118,000 new jobs and boost GDP by 1% till 2030.
With
emissions of 19.5 t CO2e per capita, Canada is
among the most greenhouse gas-intensive economies in the world. Over 80% of the
Canadian population lives in urban areas, and 90-95% of the population growth
occurs in cities. At the same time, urban GHG emissions make up 42% of Canada’s total emissions,
because most GHG intensive industrial activities (e.g. mining, oil and gas
production) usually are located out of urban areas.
