Oak Bay was awarded $28,360 through the provincial Climate Action Revenue Incentive Program last month.
The money is used to purchase carbon offsets. Oak Bay will retain this money in reserve to be used to fund future energy conservation projects. The district was among the B.C. communities that shared more than $6.5 million with the latest round of grants.
The Climate Action Revenue Incentive Program is a conditional grant program that provides funding to communities who have signed the Climate Action Charter and have reported publicly on their progress toward meeting their climate action goals. Communities receive a grant equivalent to 100 per cent of the carbon tax they pay directly.
Since 2008, the fund has provided more than $32.5 million to help support B.C. communities’ efforts to reduce greenhouse gas emissions.