Canada – Applications launched for $200 million fund to support pollution-cutting projects through the Low Carbon Economy Fund

On January 27, 2022, the Government of Canada opened the second round of applications for $200 million in funding for climate action initiatives through the Government of Canada’s Low Carbon Economy Fund Champions stream.

On January 27, 2022, the Government of Canada opened the second round of applications for $200 million in funding for climate action initiatives through the Government of Canada’s Low Carbon Economy Fund Champions stream.

The Champions stream is open to a wide range of applicants, including:

provincial governments, bodies, and boards
territorial governments, bodies, and boards
regional, local, and municipal governments
First Nations, Métis, and Inuit governments, communities, and organizations
public sector bodies and boards
not-for-profit organizations
private sector for-profit small, medium, and large businesses

Applicants can request between $1 million and $25 million in funding for eligible project expenditures, with cost-share ranging from 25 percent to 75 percent of total project costs depending on the recipient type.

The maximum federal share for specific recipients is as follows:

25 percent for for-profit private sector businesses
40 percent for regional, local, and municipal governments
40 percent for not-for-profit organizations
50 percent for provincial governments, bodies, and boards
75 percent for territorial governments, bodies, and boards
75 percent for Indigenous communities and organizations

This intake has a two-stage application process:

Applicants must submit an Expression of Interest to see if their project is eligible by March 25, 2022
Applicants then submit a Formal Proposal to evaluate projects on their merit by May 2022

Since its launch in 2018, the Low Carbon Economy Challenge (including the Champions stream) has supported approximately ninety projects with an investment of nearly $275 million. Here are some examples of successful projects:

City of Saint John received up to $5.9 million for the District Energy System Project to install a renewable heating and cooling system in a commercial complex, as well as to perform energy retrofits in up to fifty municipal buildings across the city. Through this project, the City of Saint John is reducing greenhouse gas emissions through innovative renewable energy sources and deep energy retrofits.
City of Peterborough received up to $6.1 million for the Peterborough Organics Project to develop a centralized composting centre to divert food, leaf, and yard waste from landfills. This will prevent 32,000 tonnes of organic debris from entering the landfill each year.
Cowessess First Nation received over $630,000 for the Community Buildings Solar Project to install solar arrays on five community-owned buildings. This project is helping the community produce its own energy—displacing about 60 percent of its annual electricity consumption from the grid—while reducing greenhouse gas emissions.
Centre de Traitement de la Biomasse de la Montérégie received up to $3 million to install new equipment to convert organic and food waste into renewable energy and hygienic dried bio-fertilizer. Through this project, the Centre de Traitement de la Biomasse de la Montérégie is improving air and water quality in its community, reducing greenhouse gas emissions, and enriching local soil. (Link in French only.)

Related products

Canada launches applications for $200 million fund to support pollution-cutting projects through the Low Carbon Economy Fund

Associated links

Low Carbon Economy Fund


Low Carbon Economy Challenge
Canada’s strengthened climate plan: A Healthy Environment and a Healthy Economy

Kaitlin Power

Press Secretary

Office of the Minister of Environment and Climate Change

819-230-1557

Kaitlin.Power@ec.gc.ca  

Media Relations

Environment and Climate Change Canada

819-938-3338 or 1-844-836-7799 (toll-free)

media@ec.gc.ca

LBank NFT launched limited edition NFT of 6 Muse including Yuya Mikami and Yuki Hatano

LBank NFT officially launched the limited edition NFTs of famous Japanese actresses Yuya Mikami, Yuki Hatano, Ozeki, Ai Sasayama, Misao Junjima, and Shiori Kanzaki, as well as the special edition NFTs of the group photos. Users can access the LBank NFT platform at LBank.info and get their limited edition NFTs by participating in the auction.

LBank NFT is LBank’s NFT trading platform, where all users can participate in NFT trading and creation. Users can buy directly or get NFT works by participating in auctions.

Yoya Mikami, Yuki Hatano, Ozeki, Ai Sasayama, Mio Junjima and Shiori Kanzaki are all famous Japanese AV actresses. Among them, Yuya Mikami Twitter has 2 million followers; Mio Junjima 3.29 million ; Ai Sasama 1.95 million; Shiori Kanzaki 1.88 million; Yuki Hatano 790,000, the huge fan base will give more value to the limited edition NFT.

During this period, with 20 boxes on sale everyday, a total of 100 Muse NFT mystery boxes will be on auction, including 12 exclusively made for users to win extra rewards by lucky draw.

Gold-rimmed blind box: 3 , with a signed T-shirt 

Silver-rimmed blind box: 4 , with a signed photo

Pearl blind box: 5, with a real sound ringtone 

We believe this will give great value to these NFTs.

How to buy Muse NFTs on LBank? To participate here

  1. Sign up or Log in LBank

2. Choose the one you like to participate in auction

3. Enter you bid price and click

4. Please check your auctioned NFTs in My NFT(s) →Collections. The NFT works bought can be sold as you wish.

About LBank

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 5.6 million users in more than 50 countries around the world.

 

VatPay Has Launched a Free Invoice Generation Tool for Small Business Owners and Their Teams

 VatPay, the company behind the best online Billing and Invoice Software for small and midsized enterprises, today announced a launch of its free invoicing software that makes it even simpler for their users to send, get approval for, and receive payment for online estimates and invoices. Clients will be able to use the tool without downloading and installing any software. Clients’ data never leaves their browser. As a result, their clients never have to worry about data breaches. This Invoice template helps SMEs organize invoices, estimates and streamline their billing process to ensure timely payments. These free online invoice templates by Sleek Invoice are fully customizable. Users can use these templates to make their brand stick out by adding logos and selecting company color themes.

“Small and mid-sized businesses have so much on their plate to handle on a day to day basis. Even though cash inflow is the life-line of every business, small business owners don’t have time to keep track of every invoice and run after clients for payments. Sleek invoice software takes care of our client’s online payments, invoices, estimates and notes tracking, so they can focus on what they do best,” explains VatPay CEO Kelvin Taku.

Sleek Invoice Users can now;

– Create Invoices and Estimates in any language or currency.

– Send estimates and invoices to their clients online.

– Get approval for estimates.

– Convert estimates into invoices with one click.

– Send documents and get paid online with PayPal, Venmo or CashApp.

– Keep important info handy while they invoice their customers.

– Take notes with while invoicing to get things done more faster.

The new Sleek Invoice platform is much more than just a free invoice template for SMEs. The new software comes with features like Sleek Notes to enhance productivity. Sleek Notes is a digital notebook to help Small Business Owners, Executives, Entrepreneurs and Creative folks capture and arrange their ideas.

Visit SleekInvoice.com to get started.

About VatPay

VatPay Billing and Invoicing software (VatPay.com) helps small business owners and teams manage Invoices, accept one-time and recurring online Payments, submit Estimates and Quotes, manage Expenses, Clients, Projects and track time – faster, easier and better than any platform.

Sleek Invoice (SleekInvoice.com) is a free version of VatPay that empowers SMEs and freelancers worldwide with the tools they need to automate their billing processes. Sleek Invoice is available from any browser or Web-enabled mobile device. VatPay’s ultimate goal is to establish a new global micro-economy where small and midsized businesses interact and collaborate with each other to efficiently grow their businesses.

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Bad Bank launched for stressed assets as a measure to clean up bank books

The Government has launched a Bad Bank with all the regulatory approvals in place. This was stated by Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha today.

The Finance Minister Smt. Nirmala Sitharaman, in her speech on the Budget for the financial year 2021-22, had made the following announcement:

“The high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books. An Asset Reconstruction Company Limited and Asset Management Company would be set up to consolidate and take over the existing stressed debt and then manage and dispose of the assets to Alternate Investment Funds and other potential investors for eventual value realization.”

The Minister stated that Indian Banks’ Association (IBA) has apprised with regard to incorporation of the National Asset Reconstruction Company Limited (NARCL) that NARCL has been registered with the Registrar of Companies on 7.7.2021.

The Reserve Bank of India, being the regulator of Asset Reconstruction Companies (ARCs), has already prescribed a regulatory framework for the functioning of ARCs and there are well-laid norms for transfer of stressed assets by banks and non-banking finance companies to ARCs. Identification of non-performing assets by an ARC is an ongoing process, the Minister stated.

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Project Launched to Probe Conversion of Existing Ships from Fossil-based Fuels to Decarbonized Energy Sources

Mitsubishi Heavy Industries, Ltd. (MHI) is to undertake technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels. The evaluations will be performed mainly by two Group companies – Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd – under a project led by The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping*, a research institute created to promote decarbonization of the maritime shipping industry, in which MHI serves as a founding partner. MHI Group, as part of its energy transition growth strategy, is collaborating with the Center’s otherstrategic partners toward achieving a global zero carbon fleet. By clarifying a roadmap for converting existing vessels that run on fossil fuels to carbon-neutral ships and identifying the challenges faced, the project aims to reduce ship-related investment risks.

Under this project, technical assessments of safety aspects will be conducted relating to future solutions, including modification of existing container carriers, tankers and other existing ships to vessels that operate on ammonia, methanol and other decarbonized fuels. In addition, financial assessments will be undertaken pertaining to fuel conversion costs, technology investments, fuel costs and related maritime shipping costs, etc.; and an environmental assessment will be conducted based on estimated cost benefits from reducing greenhouse gas (GHG) emissions over a ship’s lifetime. Besides MHI, other strategic partners in the project include: A.P. Moller – Maersk A/S, one of the world’s leading international shipping companies; the American Bureau of Shipping (ABS); MAN Energy Solutions, a longstanding producer of large-scale diesel engines; Nippon Yusen Kabushiki Kaisha (NYK Line); Seaspan Corporation, the world’s leading independent owner and operator of container ships; and Total S.A., a group of companies dealing in oil, gas and other energy resources. The new project, which follows an earlier project to develop guidelines for safe usage of ammonia as a shipping fuel, will pave various pathways toward decarbonizing the maritime shipping industry.

Currently, the marine shipping industry accounts for roughly 3% of the world’s carbon emissions, and as other industries take steps to decarbonize, this percentage will likely increase over the next several decades. Going forward, MHI Group will apply its accumulated technologies and expertise in ships and ship engines and, working with its project partners to resolve the identified challenges, will focus on achieving decarbonization of marine logistics, to help mitigate environmental impact on a global scale.

*The Mc-Kinney Moller Center for Zero Carbon Shipping is a research institute established in June 2020 at the suggestion of A.P. Moller – Maersk Group. Based in Copenhagen, Denmark, the Center was founded by MHI and six other global businesses or organizations, primarily to promote development of new fuels and technologies for decarbonizing the marine shipping industry.


Topic: Press release summary