Carbon Credit Policy

The City’s priority on greening its own operations demonstrates leadership and supports the TransformTO Net Zero Strategy and target to reduce emissions to net zero by 2040.

City initiatives that reduce greenhouse gas emissions include:

• retrofitting City-owned buildings to improve energy efficiency
• installing solar photovoltaic PV systems on City properties
• connecting City-owned buildings to the Deep Lake Water Cooling system
• collecting methane at City landfills
• planting trees

Emissions reduced through these projects and others can generate revenue for the City if they are sold as carbon offset credits. Carbon offset credits are greenhouse gas emissions reductions that are quantified, verified by a third party, and serialized on a carbon registry.

Carbon Credit Policy

The City’s Carbon Credit Policy outlines the guidelines under which the City will sell its carbon offset credits including a condition that credits, once sold, must be retired immediately and not re-sold to potential polluters.

Public Notice: City of Toronto List of Carbon Offset Credits

Consistent with its policy, the City has created a list of projects and programs that may be eligible for future carbon offset credits. This list provides notice of the City’s ownership or potential ownership of these carbon offset credits. It does not include all of the projects that the City has undertaken to reduce Toronto’s greenhouse gas emissions, only those that are or may be eligible to be registered as carbon credits. This list will be continually updated to reflect additions and changes, as required.