Clean Growth Innovation Fund
We’ve made a commitment to work toward a lower carbon energy future for BC, and we’re taking action: our Clean Growth Innovation Fund will help us invest in innovative emissions-reducing projects like Renewable Natural Gas initiatives. Over the next four years, this fund will direct $4.9 million per year to support innovative energy projects, in partnerships with government and industry.
Small contribution, big impact
Natural gas customers will see an increase of approximately 40 cents per monthly bill, starting on August 1, 2020. This modest investment will support real, substantial emissions reduction—and by reducing emissions in BC, we all benefit.
We have a plan to reduce our customers’ emissions by 30 per cent by 2030, and the Clean Growth Innovation Fund will help us achieve this ambitious 30BY30 target, working together with government and industry to achieve our collective goal for a lower carbon future in BC.
Where the dollars will go
Over the next four years, we’ll invest in multiple innovative energy projects each year, co-funded in partnerships with government and industry. Organizations can apply for project funding, with applications being reviewed based on:
- the amount of co-funding secured from the applicant and/or third parties
- estimated emissions that will be reduced in British Columbia
- estimated cost benefit for our customers
- relevant experience of the project team
An external advisory council comprised of representatives from customer groups, academia, government and industry will provide additional feedback to FortisBC. We’ll continue to invest in various innovations working towards our 30BY30 target, including:
- Renewable Natural Gas
- carbon and methane capture technologies
- energy efficiency
- fuel cell and remote power technologies