L2.1Develop a financing strategy to meet 2030 climate commitments
Progress
- Not started
- Planning
- Implementation
- Completed
Progress of this action is dependent on additional staff capacity.
Official description
Description
The CCAS outlines both immediate actions and long-term transformations needed to achieve our greenhouse gas (GHG) reduction targets and enhance resilience to climate impacts. Implementing this strategy will require careful consideration of resource allocation, including adjustments to capital investments and operating budgets.
Given the strategy’s extended timeline, estimating costs and returns on investment with precision is inherently complex. In some cases, additional revenue may be required. This could involve reallocating existing budgets, securing external grants and financing, forming partnerships with industry, utilizing development-driven revenue, or increasing taxation.
This action focuses on exploring options to assess costs and develop a comprehensive financing strategy to support CCAS implementation and achieve the City’s 2030 climate commitments.