Now in our 21st year, the Federation of Canadian Municipalities’ (FCM’s) Green Municipal Fund (GMF) is poised to support Canadian municipalities as they step into deep systemic change and reach net-zero emissions by 2050. Undeterred by a disruptive year, we are more committed than ever to partner with municipalities to build economically, environmentally and socially vibrant communities. That’s the triple bottom line that guides everything we do.
A proven entity in the Canadian climate action ecosystem, GMF is a successful, $1 billion endowment funded by the Government of Canada and delivered to municipalities by the Federation of Canadian Municipalities (FCM). We support municipalities — from capacity building, to planning, to capital projects — as they reduce pollution, improve energy efficiency, revitalize public infrastructure and more.
Despite the ravages of the COVID-19 pandemic in communities across Canada, municipalities big and small have continued to drive forward towards climate neutrality, net zero energy and environmental sustainability. We approved $116.4M in loans and $53.1M in grants — the largest amount we’ve approved in a single year since our inception. We also transferred $155.7M to establish the Low Carbon Cities Canada (LC3) network, a partnership with six organizations in seven big cities.
GMF’s core funding for plans, feasibility studies and pilot projects in brownfields, energy transportation, waste and water continues to be highly relevant to municipalities. Our newest initiatives and products - LC3, Community Efficiency Financing (CEF) and Sustainable Affordable Housing (SAH) - launched this year and have already had impressive impacts on the ground. You’ll read all about them in this report.
Beyond financing, GMF doubled down on supporting municipalities to become better equipped to address climate change and advance environmental initiatives by leveraging capacity building to inspire, connect and develop municipalities’ capacity to develop and deliver sustainable solutions.
The incredible progress in 2020-21 is a tribute to the dedication of frontline municipal leaders and their partner organizations, as well as our staff, who found work-arounds at every turn. Together, we're demonstrating how Canadian municipalities can prepare for an economic recovery based on environmentally and socially sound practices.
We believe that a green and socially just recovery is within reach, and envision a country that’s more prosperous, resilient and interconnected — one that protects marginalized residents, creates opportunities for all and drives every sector toward our climate goals.
Solutions are here and municipalities are ready. And GMF has the tools and knowledge to help them target net-zero emissions by 2050. Let’s move forward together.
Joanne Vanderhayden, President, Federation of Canadian Municipalities