The province of Ontario is starting to take a strategic leap by promoting environmentally friendly technologies to address global warming and ensure a more effective and efficient economy. The province introduced the Green Investment Fund, a non-profit provincial agency created to help reduce energy costs in homes and businesses. (Ontario, 2016) Ontario is investing $325 million in this fund that will demonstrate why green technology has saved Ontario's economy and helped homeowners reduce their carbon footprint and save money, has enabled companies to reduce emissions and funded local environmental organizations. Green technology is best understood as a way to make it easier for the province of Ontario to fight climate change, stimulate and strengthen the economy, and create many jobs. All for a healthier, cleaner, low-carbon future (Ontario, 2016) Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Green technology will help homeowners save money. This will happen because existing home energy controls and retrofit programs offered by Enbridge Gas Distribution and Union Gas will be increasingly enhanced by the investment, allowing greenhouse gas emissions to be reduced and approximately 37,000 homeowners across the province to experience a reduction of energy bills. (Ontario, 2016) For example, homeowners can start by replacing furnaces, water heaters, or even improving insulation. Home energy efficiency upgrades save consumers a lot more money on energy bills, and it's been noticed. “Home renovations to increase energy efficiency have been shown to save natural gas consumers $1.50 to $4 for every dollar invested.” (News.Ontario.ca, 2016) Furthermore, investing in a residential solar energy system will greatly benefit homeowners. The use of solar energy is considered a green technology due to its ability to generate energy without using emissions. This means that for every kilowatt installed, a home's carbon footprint is reduced by more than 3,000 pounds per year and is reduced by more than 15,000 pounds of CO2 each year. (ARE Solar, 2016) Green technology will allow many companies to reduce emissions, which will have a large impact on the economy. The government is investing two things, one of $74 million in a cleantech innovation that will help reduce greenhouse gas pollution by enabling large industrial plants to use cutting-edge technology and by partnering with Ontario Centers of Excellence. (Ontario, 2016) The government is also investing $25 million in the SMART Green energy efficiency program. This program will help reduce emissions and become more energy efficient. It does this by selecting qualified small and medium-sized businesses and granting them up to $200,000 to cover up to 50% of eligible project costs to help companies invest in equipment and process upgrades. These investments will boost Ontario's economy and development by helping to create new jobs, products, services, as well as many more technologies and businesses. (Ontario, 2016) Please note: This is just one example. Get a custom paper from our expert writers now. Get a Custom Essay Green Technology has helped fund local environmental organizations. For example, Ontario is investing $1 million from the Green Investment Fund in the Sustainability CoLab Network, based in.