Toronto, ON – The City of Toronto is investing $13 million in a new energy-saving program. The city states that the aim will be to help older high-rise towers complete energy efficiency upgrades.
According to the city, the Taking Action on Tower Renewal (TATR) program aims to see energy use reduced by 15 per cent and natural gas use reduced by nearly a quarter through the completed upgrades.
“With support from the Green Municipal Fund, municipalities of all sizes are implementing smart sustainable solutions. We deliver results with our federal partners by supporting cities like Toronto in their innovative ways to save energy and energy-related costs and reduce greenhouse gas emissions. Together, we are on the path to net zero and are also contributing to the response to affordability issues,” Scott Pearce, the Federation of Canadian Municipalities (FCM) acting president.
Toronto is home to more than 500,000 residents that live in apartment towers. Canada’s third largest contributor to greenhouse gas emissions (GHG) is apartment towers and buildings. Under the program, upgrades such as new windows, replacing home appliances, and insulating roofs, walls and doors will be completed.
The TATR program is a collaboration between the federal government and the FCM. The funding announced includes $11,745,460 in loans and $1,761,810 in grants through the Federation of Canadian Municipalities Green Municipal Fund (GMF).