The University of Toronto will receive $56 million in financing from the Canada Infrastructure Bank (CIB) to accelerate the university’s plans to achieve a climate positive campus.
Through the launch of Project LEAP, U of T will use the CIB financing to complete deep energy retrofit projects – such as converting gas boilers to electric boilers and installing energy storage solutions – to reduce greenhouse gas emissions by more than 50 per cent, or 45,000 tonnes of CO2 equivalents, by the end of the decade.
The project will also involve private sector partners that will provide additional financing while meeting stringent performance requirements.
It’s all part of U of T’s ambitious Climate Positive plan to achieve emissions reduction targets on the St. George campus that exceed the emissions physically produced by 2050. The infrastructure-focused strategy…
