On the eve of World Environment Day, Scotiabank announced that from today until July 14, Scotiabank's Scotiabank Net Zero Research Fund will accept applications for funding from think tanks and academic institutions that are supporting key sectors in their efforts to decarbonize the economy. This CAD $10 million fund, launched last year, is an initiative that will promote research and leadership in support of global decarbonization as part of the Climate Commitments of the Bank.
As data is increasingly needed to guide policy and decarbonization efforts, the Net Zero Research Fund will help facilitate greater opportunities for climate change research in the academic and non-profit communities in Canada, the United States, Latin America and the Caribbean.
"Climate change remains a top priority for Scotiabank as we continue to leverage our capabilities to drive positive environmental action," said Meigan Terry, Senior Vice-President and General Manager, Social Impact, Sustainability and Communications, Scotiabank. "With Scotiabank's CAD $10 million Scotiabank Net Zero Research Fund, we are making an ongoing investment to facilitate innovation in research and development to support a low-carbon economy."
By identifying pathways and initiatives that require investment to accelerate their adoption or scale-up on a large scale, the fund will also strengthen relationships between academic and non-profit research institutions and the business sector through collaboration and knowledge sharing.
In 2022, Scotiabank support amounts will range from CAD $25,000 to CAD $100,000. Any application that is not funded in this call may be resubmitted for 2023.
To receive funding from Scotiabank's Net Zero Research Fund, participating organizations must be registered as a charitable or non-profit organization in their jurisdiction. More information can be found at the following link: https://www.scotiabank.com/corporate/es/principal/responsabilidad-e-impacto/compromisos-climaticos/el-centro-de-excelencia-del-cambio-climatico.html.
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