Toronto Atmospheric Fund (TAF) assists in slowing global climate change and improving air quality in collaboration with non-government organizations, governments, corporations, official committees, neighbourhood organizations, universities, public and private schools, investors and other stakeholders to demonstrate, de-risk, and help advance social, financial, policy and technological innovations that reduce air pollution and greenhouse gas emissions.

Download the detailed Budget Analyst Notes for Toronto Atmospheric Fund. You can also review budget highlights below.

Toronto Atmospheric Fund’s ultimate goal is to reduce carbon emissions by 80 per cent by 2050 in the Greater Toronto and Hamilton Area. This target isn’t simply another milestone. It’s a vision for a climate-smart urban region that functions within its environmental means and is a leader among climate-friendly urban centres around the world.

Download the Toronto Atmospheric Fund Program Map.

Operating Budget

The total cost to deliver these services is $4.7 million gross.

Highlights

  • 6.02% Gross Operating Budget increase over the 2018 Approved Gross Operating Budget to maintain existing service levels and meet additional service demands.
  • 2020/2021 Increases primarily for known inflationary adjustments for salaries, benefits and contracts funded by investment income earned from its endowment funds, Stabilization Fund and external fundraising.
  • TAF’s Operating Budget is not funded from the City’s tax base.

Key Challenges

  • Climate solutions require long-term commitments and are challenging to advance in short-term political and market cycles.
  • Public market volatility can impair investment returns and TAF’s aim of increasing Direct Investments takes time.
  • Balancing demands and capacity in order to maintain TAF’s reputation for excellence and staff retention.

Priority Actions

  • Increase profile and recognition, leveraging TAF’s and the City of Toronto’s accomplishments
  • Support and accelerate high-impact projects and capacity-building throughout the GTHA.
  • Emphasize the multiple benefits of climate action – economic, social and environmental to build robust collaborations and programs.
  • Share TAF’s model, insights and expertise.
  • Attract additional resources to enhance impact.

Find more information on specific City issues, opportunities and challenges in the briefing notes and reports prepared by City staff. Documents will be posted as they become available.

Presentations made to committee and City Council provide an overview of the 2019 City budget. Documents will be posted as they become available.