Moved by Mayor Brown
Seconded by Regional Councillor Santos
WHEREAS the City of Brampton Council declared a Climate Change Emergency in August 2019; and,
WHEREAS Brampton is a municipal leader nationwide in implementation of GHG reduction measures and strategies including introduction of zero emission buses, net zero retrofits and rollout of electric vehicle (EV) charging stations; and
WHEREAS the City has established an ambitious goal to reduce greenhouse gas emissions generated in Brampton by 100% by 2050; and,
WHEREAS Brampton’s Community Energy and Emissions Reduction Plan (CEERP), an evidence-based, comprehensive plan guides the City’s innovation, employment and economic development while helping achieve the City’s environmental and climate change goals; and’
WHEREAS Brampton has been successful in leveraging Federal and Provincial funding to implement sustainable infrastructure, transit and active transportation improvements, green technologies and GHG reduction initiatives; and,
WHEREAS the current economic environment may impact the availability of critical funding opportunities from higher levels of government; and
WHEREAS the carbon credit trading market is a fast growing market, estimated at $50 billion per year by 2030: and
WHEREAS Brampton's ambitious approach to climate action and GHG emissions reduction positions the City to realize the environmental and economic benefits of the City’s climate goals;
THEREFORE BE IT RESOLVED THAT:
1. The City initiate work to identify opportunities to assess the City’s potential capacity to implement Brampton’s climate goals and identify economic potential for revenue generation through GHG reduction initiatives.
2. The City of Brampton publish a RFP to solicit a vendor with expertise in the carbon market to work with the city staff to specifically assess potential revenue for the City and the expertise to create carbon credits on behalf of the city and the ability to list any carbon credits created on the greenest blockchain possible.
3. The City position itself to develop tools and strategies to scale up economic benefits from effective climate action for maximum implementation and expertise sharing through/with sector peers.