This paper explores climate finance, the provision of financing by private actors for projects intended to decrease carbon emissions or make cities more resilient to the impacts of climate change. It analyzes four climate financing tools used in other jurisdictions – green bonds, environmental impact bonds, catastrophe bonds, and green banks – and their feasibility under current Ontario regulations.
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A range of municipalities are considering or already using interlocal agreements in a variety of policy areas. Canadian municipalities with such agreements generally report high levels of satisfaction with them. Surprisingly, however, we find less cooperation between Canadian municipalities than we find in other parts of the world.
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IMFG offers two graduate fellowships in municipal finance and governance. There is one application process for both fellowships. The top two candidates will each be awarded a fellowship.
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The Institute on Municipal Finance and Governance (IMFG), within the University of Toronto’s Munk School of Global Affairs and Public Policy, invites applications for a one-year IMFG Post-Doctoral Fellowship in Municipal Finance and Governance. Applications must be received by no later than Thursday, March 26, 2020 at 4:00 pm.
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In 2015, Toronto City Council asked city staff to review community councils as part of the City’s ward boundary review process. Toronto’s ward boundary review realigned the city’s wards, so the City now needs to set new boundaries for community councils. Staff has been directed to report back to Council in 2017 on the “impacts to governance and structure changes to the authority, duties, and function of community councils.” Meanwhile, in November 2016, the Province of Ontario introduced measures to strengthen the use of community councils across Ontario. There is thus a unique opportunity available to re-imagine the authority and use of Toronto’s community councils.
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Throughout much of the 20th century, water was seen as plentiful and water rates did not promote conservation. Today, water is treated as a relatively scarce resource and governments are concerned about financing new and rehabilitated infrastructure. However, most municipalities still do not set prices for water at levels that would encourage conservation, thereby allowing the overconsumption of water, and leading to increased demand for expensive infrastructure.
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IMFG is pleased to announce the release of a new paper, excerpted from the new book Financing Infrastructure: Who Should Pay? The poor state of municipal infrastructure is the subject of frequent complaint in Canada. Roads are congested, transit systems are in need of major investments, bridges are crumbling, and water treatment plants need to be replaced. Municipalities continue to seek financial assistance from the federal and provincial governments, but are transfers really the best way to pay for municipal capital investments?
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Bringing together perspectives and case studies from across Canada, the US, and Europe, IMFG's new book Financing Infrastructure: Who Should Pay? contends that users, not taxpayers, should start paying directly for their cities’ repairs and expansions.
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