Net Zero Accelerator Initiative

• Up to $8 billion in total funding available to support large-scale investments in key industrial sectors across Canada.

• The applicant must be a Canadian company.
• The project must aim to reduce greenhouse gas (GHG) emissions and contribute to Canada's net zero objectives.
• The company must operate in a key industrial sector such as oil and gas, heavy industry, automotive transportation, aerospace, electricity, clean technology, or battery ecosystem development.
• The project should demonstrate quantifiable, direct, and meaningful GHG emissions reductions and/or support the transition to low carbon processes and products.

Who is eligible?

• Companies in Canada's largest emitting industrial sectors (such as oil and gas, steel, aluminum, cement, mining and mineral processing, and chemicals)
• Established industries in key sectors such as automotive transportation, aerospace, and electricity (or electrification)
• Companies developing or operating within clean technology sectors, including hydrogen, carbon capture, utilization and storage (CCUS), and battery ecosystem development

Eligible expenses

• Purchase of clean technologies and equipment aimed at reducing greenhouse gas (GHG) emissions.
• Investment in systems and supply chains for electrification and battery production.
• Expenses related to the adoption or development of low-carbon industrial processes.
• Costs for research, design, and integration of new products or processes to reduce GHG emissions.

Eligible geographic areas

• Companies operating anywhere in Canada.

• Potential for meaningful, quantifiable, and direct reductions in domestic GHG emissions.
• Use of developed technologies that can deliver results by 2030.
• Ability to help move industrial sectors away from GHG-intensive activities and toward low-carbon processes or products.
• Demonstrated potential for medium- to long-term impact on GHG emissions, with a preference for sector-wide or market-wide benefits.
• Creation and maintenance of high-skill, long-term employment and promotion of Canadian competitiveness on a global scale.

• The application process is ongoing and non-competitive, enabling applicants to submit proposals at any time.
• Successful projects must undergo a due diligence review, including validation of GHG reduction estimates, before final funding decisions are made.
• Applicants are expected to demonstrate planned or potential reductions in GHG emissions as well as outline innovation and technological advancements in their proposals.
• Collaboration with provincial and territorial initiatives may strengthen an application, as alignment with regional priorities is considered in funding decisions.