What is TAF looking for in investment and financing opportunities?
All financing provided by TAF must demonstrate a strong potential to result in significant reductions in Toronto's greenhouse gas and air polluting emissions. While TAF accepts any project that fits the above criteria, there are several current areas of special interest:
- Activities that address transportation emissions, especially related to electric vehicle use in fleets and goods movement within city boundaries
- Activities that address building-related emissions, especially with respect to energy efficiency retrofits
- Development of "green heat" alternatives to natural gas, such as solar thermal, geothermal, air-to-air, and waste heat capture, and social innovation approaches that help promote local engagement in effective climate solutions and financial innovation approaches that remove barriers to investment in climate solutions
TAF is most interested in lending to projects that:
- have proven revenue potential
- have measurable risk
- have quantifiable greenhouse gas emission reductions
- have quantifiable smog precursor emissions reductions
- have the potential to attract other financing or investment
- have a satisfactory covenant or security arrangement
The first step for securing TAF financing is to discuss your project with Tim Stoate, Vice President of Impact Investing. We are happy to discuss potential loans or equity investments at any time, but transactions must be reviewed at quarterly Finance Committee meetings. All transactions are also subject to full due diligence and board approval.