Public, commercial and institutional landlords are pledging to join the City of Toronto’s greenhouse gas reduction efforts, Mayor John Tory says, but their reduction targets are yet to be determined.
Tory made the announcement Wednesday before the start of the October city council meeting where council unanimously
declared a “climate emergency” with new aggressive targets for Toronto to become carbon neutral, where emission reductions and offsets equal or exceed production.
The mayor said he expects the landlords, controlling a total of 300 million square feet of space, who accepted his invitation to join a “Green Will Initiative,” will see different targets set for different types of properties, starting with 2025 and then every five years.
Each landlord will benchmark their current emissions and then devise plans to reduce them, largely through retrofits to make buildings more energy efficient, and to ensure the reductions continue and increase.
Noting property owners stand to save money in energy costs, Tory added that Ontario and federal governments also need to step up with financial help, possibly including incentives to get emissions reduced, Tory said.
Among those joining the city in the initiative are developers Cadillac Fairview and Oxford Properties, Ryerson University and the University of Toronto, Toronto District School Board and Toronto Catholic District School Board, Toronto Community Housing and University Health Network.
City council voted 25-0 to declare a climate emergency, making official the city’s determination to combat global warming.
The proposal from right-leaning Mayor John Tory and left-leaning Coun. Mike Layton, with input from local environmentalists, accelerates the city’s previous target of cutting greenhouse gas emissions to 80 per cent below 1990 city levels by 2050.