Overview
The NorthX Emissions Reduction Fund (ERF) is a Canada’s Clean Fuel Regulation compliance pathway registered by Environment and Climate Change Canada and administered by NorthX Climate Tech’s catalytic platform.
The NorthX ERF rapidly deploys capital into high impact projects capable of delivering verified emissions reductions while accelerating innovation across Canada’s economy. The program leverages contributions and focuses on funding deployable technologies that materially reduce greenhouse gases (GHG) while supporting economic growth.
Program objectives
- Deliver measurable GHG emissions reductions beyond current or regulated baseline performance within five years.
- Accelerate innovation and deployment of commercially ready clean fuel technologies.
- Create jobs and spur economic growth in Canada’s clean energy infrastructure.
Why Contribute to the Fund
- NorthX is a proven platform providing leveraged investments and verifiable emissions reductions in climate hard tech.
- Provides an efficient CFR compliance pathway and enables CFR credit creation at time of contribution.
- Provides the opportunity to compete for conditional capital funding to achieve emissions reductions aligned with CFR compliance.
- Support the commercialization of Canadian clean energy technologies.
Project funding criteria
Applications will be open to CFR regulated fund contributors, technology developers, fuel producers, industrial operators, Indigenous groups, academia and consortia that can generate verifiable GHG emissions reductions leading to reduced carbon intensity of low-carbon fuel production, end-use fuel switching, and upstream emissions reductions.
Primary criteria: Contributor to the fund; project economic viability, GHG reduction & CI threshold improvement; jobs and economic activity; ability to achieve FID and execute; GHG verification protocols exist.
Secondary criteria: Technology advancement; scalability; consideration for the geography of source of funds.
Priority Project Categories
Engagement with fund contributors and innovators will take place to understand projects that meet the priority criteria. In discussion with proponents and after further due diligence, we may publish reference to project types that are preferred and likely to meet the primary criteria.
Timeline
NorthX ERF contributions are accepted now for 2025 CFR compliance.
NorthX ERF Investment Program:
| Funding Structure • NorthX funds up to 50% of eligible capital costs. • Stacking limit of 75% from public funding sources. • Milestone‑based payments linked to material project milestones de-risking emission reduction delivery. |
For additional information, please contact us at info@northx.ca.
