The Federation of Canadian Municipalities (FCM) announced a $14.1-million investment through FCM’s Green Municipal Fund (GMF) to lower greenhouse gas (GHG) and drive cost savings in communities in Prince Edward Island (P.E.I.) and Nova Scotia.
“The investments will help cities and communities of all sizes reduce emissions, create jobs and help Canadians make their homes more comfortable and affordable while working toward achieving our country’s climate change goals,” said Garth Frizzell, president of FCM.
The $14-million investment is provided through GMF’s Community Efficiency Financing (CEF) initiative to support PACE Maritimes (Property Assessed Clean Energy), a multi-provincial program that will operate in Stratford and Charlottetown, P.E.I., and Wolfville, Nova Scotia. The program will finance residential projects for energy efficiency, renewable energy and energy storage across the three municipalities. Additional targeted programs in Wolfville and Charlottetown will provide rebates to support fuel switching from oil and lead pipe replacement.
In addition, $175,000 in funding is going to the City of Charlottetown to study the feasibility of undertaking energy retrofits for 22 of its municipal buildings to reduce energy consumption and improve user comfort and safety.
CEF helps communities of all sizes implement innovative local financing programs that directly help homeowners cut their GHG emissions, make their homes more energy-efficient, comfortable and affordable, and create local jobs and keep the local economy moving.
“The Green Municipal Fund will incentivize homeowners to access retrofits and energy evaluations,” said Sean Casey, Member of Parliament for Charlottetown. “Efficient homes mean lower utility bills, less pollution and cleaner air. This investment is a positive step toward lowering Canada’s emissions while also making homes in Charlottetown, Stratford and Wolfville more comfortable, affordable and sustainable.”
Featured image: Downtown Charlottetown, PEI. (Discover Charlottetown)