C385-2022

Background

Council voted to investigate how the City can earn carbon credits through implementation of its climate goals.

Source: City of Toronto

Item Description

From the minutes:

1. The City initiate work to identify opportunities to assess the City’s potential capacity to implement Brampton’s climate goals and identify economic potential for revenue generation through GHG reduction initiatives. 
2. The City of Brampton publish a RFP to solicit a vendor with expertise in the carbon market to work with the city staff to specifically assess potential revenue for the City and the expertise to create carbon credits on behalf of the city and the ability to list any carbon credits created on the greenest blockchain possible. 
3. The City position itself to develop tools and strategies to scale up economic benefits from effective climate action for maximum implementation and expertise sharing through/with sector peers.

Source: City of Toronto

Proposed by

Patrick Brown