CIB's Zero-Emission Buses Initiative presentation dated May 2022

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Laws and Policies

CCLW

CCLW national policies

Zero Emission Transit Fund

Date launched

This Fund helps communities invest in zero emission transit and school transportation options, which will provide communities with environmental and health benefits by decreasing greenhouse gas emissions and air pollution. The transportation sector accounts for 25% of Canada's greenhouse gas emissions.
Support is provided to public transit and school bus operators across Canada who are electrifying their fleets, which delivers on the federal government's commitment to help purchase 5,000 zero emission buses. This Fund is closely coordinated with the Canada Infrastructure Bank's (CIB) Zero Emission Bus Initiative, through which the CIB has committed more than $1.5 billion to supporting the deployment of zero-emission buses.
Eligible projects are:
<ol>
<li>Planning Projects: Eligible projects include studies, modelling and feasibility analysis that will support the development of future larger scale capital projects.</li>
<li>Capital Projects: Eligible capital projects include buses, charging and refueling infrastructure, and other supporting infrastructure needs.</li>
</ol>
It includes $2.75 billion in funding over five years.

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

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Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Oil is a combustible liquid fossil fuel composed mainly of hydrocarbons, occurring as crude oil and refined into petroleum products such as petrol, diesel and kerosene.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

A loan is a policy instrument where funds are provided to a borrower with the expectation of repaying the principal plus interest.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

CIB's Zero-Emission Buses Initiative presentation dated May 2022

Policy instrument

Fossil fuel

Greenhouse gas

Economic sector

Finance