| Recipient information | Green Municipal Fund (GMF) |
|---|---|
| Start date | March 31, 2000 |
| End date | Ongoing |
| Link to departmental results |
|
| Link to department’s Program Inventory | Energy Efficiency |
| Purpose and objectives of transfer payment program |
The GMF is a revolving fund administered by the Federation of Canadian Municipalities (FCM). It provides municipalities and municipal partners with grants, loans, and loan guarantees to encourage innovative environmental municipal projects. The Government of Canada provided the FCM with a total of $1.625 billionFootnote 1 for this initiative through a series of budget decisions beginning in 2000 through to 2019. Each investment was provided as an up-front multi-year payment, with a portion of funds provided as concessional for granting and operating expenses. FCM is responsible for maintaining a nominal value of at least $1,012.5 million for the GMF endowment. The GMF was established to enhance Canadians’ quality of life by improving air, water, and soil quality, and protecting the climate, while delivering economic and social benefits to communities. Eligible projects may take the form of plans, feasibility studies, pilot projects, and capital projects. The GMF Core Offer supports projects in five sectors: brownfields, energy, transportation, waste and water. The Signature Initiatives Offer supports highly innovative projects that cross sectors or do not fit those categories. The Budget 2019 investment targeted energy efficiency through three new funding streams to increase efficiency and reduce greenhouse gas emissions from buildings: Sustainable Affordable Housing; Community Efficiency Financing; and Community Buildings Retrofit. The GMF also houses the National Office for the Low Carbon Cities Canada (LC3) Network. As the final part of Budget 2019 investment, FCM provided grants to seven climate centres in major cities across Canada, in order for each centre to establish its own endowment from a total envelope of $177 million. GMF issued the new 2023-2026 Three-Year Plan reflecting its renewed purpose, vision and three-year strategic objectives, aligned to Canada’s broader goal of Net-Zero by 2050. |
| Audit findings by the recipient during the reporting year, and future plan | No audit in 2024-25Footnote 2. |
| Evaluation findings by the recipient during the reporting year, and future plan | No evaluation in 2024-25. |
| Summary of results achieved by the recipient |
Since its inception, FCM has completed more than 1,759 plans, studies and pilots, and 199 capital projects. This has resulted in significant energy savings and avoided GHG emissions, in addition to economic benefits such as contributing to the national GDP, employment, and social benefits like improved quality of life and reduced poverty. The GMF Annual Report 2023-24 was published in Fall 2024 and is currently available on the FCM website. The 2024-25 information above is from the draft version of the 2024-25 Annual Report with the final version to be delivered to NRCan by August 31, 2025, and published in Fall 2025. |
| Total funding approved (dollars) | Since 2000, the GMF has been approved for $1,287.5 million in funding from NRCan with an additional $337.5 million from Environment and Climate Change Canada, for a total of $1.625 billion. |
| Total funding received (dollars) | Since 2000, FCM has received $1,287.5 million from NRCan for the GMF, with the most recent payment being made in July 2019. |
Financial information (dollars)
| Planned spending in 2024–25 | $0 |
|---|---|
| Total authorities available for use in 2024–25 | $0 |
| Actual spending (authorities used) in 2024–25 | $0 |
| Variance (2024–25 actual minus 2024–25 planned) | $0 |
| Explanation of variance | No variance explanation required. |