TORONTO, June 4, 2021 /CNW/ - From now until July 2nd Scotiabank's Net Zero
Research Fund is accepting applications from think tanks and
academic institutions that are supporting key sectors in their
efforts to decarbonize the economy. Launched earlier this year, the
$1 million fund is an initiative that
will advance research and leadership in support of global
decarbonization as part of the Bank's Climate Commitments.
One of the first beneficiaries of the Scotiabank Net Zero
Research Fund is The Transition Accelerator, a national climate
change non-profit that works with groups across the country to
solve business and social challenges while building viable
transition pathways to a net-zero future. Scotiabank's two-year
investment will support the development of Canada Grid, a
collaborative initiative that will help ensure that electricity
systems are ready to provide enough
secure, non-emitting power in the net-zero future
through the promotion of better planning, fairer benefit
distribution and infrastructure buildout, as well as grid
integration and optimization.
"With electrification set to be a core component of Canada's future clean energy system, it is
vital that we think differently about how to plan for, produce,
transmit and distribute clean electricity," says Dan Wicklum, CEO of The Transition Accelerator.
"This grant from Scotiabank's Net Zero Research Fund will go a long
way to build resilience, capacity and greater integration in our
electricity grids, and position Canada for economic and environmental success
in a net zero future."
Scotiabank's Net Zero Research Fund was designed with the
objectives of the Paris Agreement in mind, to stimulate research,
dialogue and understanding of the shift to a net zero emission
global economy.
By identifying pathways and initiatives that require investment
to accelerate adoption or scale of application, the Fund will also
strengthen relationships between academic and non-profit research
institutes and the corporate sector through collaboration and
knowledge sharing.
Scotiabank grants will range from CAD $25,000 to CAD $100,000. Any funds not granted through the
initial application cycle will be awarded through a second call for
proposals in 2022.
To be eligible for the Scotiabank Net Zero Research Fund,
partner organizations must be not-for-profit organizations in their
jurisdiction.
For more information on submission eligibility and how to apply,
please visit
https://www.scotiabank.com/ca/en/about/responsibility-impact/climate-commitments/climate-change-centre-of-excellence.html.
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SOURCE Scotiabank