Why the Greater Montreal Climate Fund
Urban areas produce about half of Canada’s emissions; without a significant reduction of these emissions, we cannot meet our climate commitments. Canadian cities strive to be climate leaders but often struggle to scale solutions due to short political cycles, siloed departments, limited resources, and low appetite for risk. It is imperative to strengthen the capacity of the urban climate in order to meet our greenhouse gas (GHG) reduction targets.
Not enough public investments are dedicated to the environment and the fight against climate change, and traditional investors are not prepared to assume the risks and play the role of catalyst. The Greater Montreal Climate Fund (GMCF) aims to bridge this gap and participate in the implementation and commercialization of innovative solutions, particularly in the following sectors:
- Building renovations and net-zero construction
- Distributed renewable energy
- Transport electrification
- Shared and decarbonized mobility
- Circular economy and zero waste