Toronto Atmospheric Fund – July 2024

The City of Toronto established the Toronto Atmospheric Fund (TAF, now also known as The Atmospheric Fund) in 1991 to advance local solutions for reducing greenhouse gas (GHG) and air pollution emissions. TAF helps the City achieve the targets set out in the Council-approved climate plan by demonstrating and helping scale solutions to climate change in the Greater Toronto and Hamilton Area (GTHA) through grants, investments, policy advocacy and strategic programs. TAF-funded projects have generated financial savings and contributed to Toronto’s emissions being 33% below 1990 levels. In 2016, the Province of Ontario provided TAF with a $17 million endowment allowing TAF to expand its mandate to the Greater Toronto and Hamilton Area. In 2020, the Government of Canada provided another $40 million endowment to accelerate climate action in collaboration with the Low-Carbon Cities Canada network, bringing TAF’s asset value to $90 million.