Development of a performance measurement framework for the leadership fund
Date
2025
Authors
Matthewman, Spencer
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Abstract
Announced in Budget 2016 as part of the Pan Canadian Framework on Clean Growth and Climate Change, the Low Carbon Economy Fund aimed to advance Canada towards meeting its Paris targets by providing financial support for GHG reducing and clean growth projects. The client, Environment and Climate Change Canada’s Methodology and Evaluation Division, requested the development of a performance measurement framework for the Low Carbon Economy Leadership Fund (i.e., the Leadership Fund) to summarize key findings and general themes and support its recapitalization. The study employs a gap analysis to develop key performance indicators by assessing current performance mechanisms, defining a desired state based on available program data, and addressing the gaps between those states. Methods include a review of funding agreement and internal progress reports for each portfolio component across the three implementation stages. All components are classified by geographic region, component type, and economic sector to support the thematic analysis, with individual inclusion and exclusion criteria. A database is developed to support the analysis of data and key visualizations. While findings show the Fund is 39% less cost-effective from the original funding agreement execution to current data, the results narrative highlight key trends in average emissions reductions, cost-effectiveness, and project survivability across sectors, regions, and funding mechanisms. These trends underscore important successes and lessons learned across the portfolio and provide opportunities for improvement in the Fund’s recapitalization.