The ISO 50001 Energy Management Systems Standard is an internationally recognized standard that gives organizations a structured framework to improve energy performance by making better use of energy-intensive assets. Organizations that have implemented ISO 50001 in their buildings save energy and money, while reducing greenhouse gas (GHG) emissions and other environmental impacts.
That is why today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced the call for proposals for the Natural Resources Canada ISO 50001 program for commercial and institutional buildings. To help implement ISO 50001 in commercial and institutional buildings in the 2023/2024 and 2024/2025 fiscal years, this program provides financial assistance to organizations such as municipal, provincial, and territorial governments, utilities, industry associations, and Indigenous organizations, among others.
To protect our environment and reduce the impacts of climate change, the Government of Canada has committed to reducing Canada's total GHG emissions by 40-45 percent below 2005 levels by 2030, and to reaching net zero by 2050. As the buildings sector is the third-largest source of emissions in Canada, prioritizing decarbonization and reducing emissions into the atmosphere is key to meeting our objectives. Making buildings more energy-efficient not only fights climate change, but it also creates good jobs while helping Canadians save on their monthly energy bills. Earlier this week, Minister Wilkinson also announced the public engagement process for the Canada Green Buildings Strategy to mobilize national action to create a net-zero emissions buildings sector by 2050.
The funding will be used to reimburse eligible project costs as follows:
Eligible for-profit organizations may receive up to 60 percent of eligible costs
Eligible not-for-profit organizations may receive up to 75 percent of eligible costs
Maximum of $40,000 per building
The maximum contribution to an organization or group of affiliates is $200,000 per fiscal year (April 1 to March 31)
The following types of projects may be eligible for financial assistance:
Feasibility Study
Feasibility Study with Action Commitment
ISO 50001 Compliance
ISO 50001 Certification
