Item - 2025.TA9.8

The Board of Directors of the Toronto Atmospheric Fund:

1. Approved an allocation of $733,162 to support the Toronto Atmospheric Fund programs in 2025 as outlined below, to be funded from the Canada, Ontario, and Toronto endowments except where otherwise indicated: 

a.  Accelerating EV Uptake: $56,250 to expand the availability of affordable public EV charging;

b. Accelerating Net-Zero-Ready New Construction: $75,000 to progressively strengthen codes and standards across the Greater Toronto and Hamilton Area and advance supportive policy frameworks to ensure all new construction is net-zero ready by 2030;

c. Accelerating Clean Electrification: $127,500 to scale adoption of local energy solutions and clean electricity supply in support of the Greater Toronto and Hamilton Area’s transition to a net-zero grid;

d. Retrofit Accelerator: $190,875 to build the market for deep retrofits by collaborating with building operators and leading industry solutions providers to deliver deeper retrofits faster and more cost effectively;

e. Impact Investing: $63,750 to make prudent investments in impact-first projects or companies that are aligned with focus area initiatives and strategic directions, and to maintain management and compliance of TAF’s investment portfolio;

f. Climate Policy: $37,500 (from Canada and Toronto endowments only) to be an effective and influential advocate for climate policy with all three levels of government;

g. Grants: $25,125 to build the internal and community capacity needed to support effective design and delivery of TAF-funded initiatives;

h. Research and Innovation: $42,000 to deliver critical insights and evaluation to support advancement of climate priorities, and to provide research leadership and support to TAF teams;

i. Communications and Campaigns: $27,000 to increase audience reach while maintaining high engagement levels towards all focus area priorities;

j. Program Development: $7,500 to identify new insights and opportunities for TAF programming; and

k. Program Support: $80,662 to ensure programs have sufficient operational and administrative resources for delivery.

This report recommends approval of the balance of the Toronto Atmospheric Fund’s endowment-funded program budget for 2025.