Incenting the Nature of Cities: Using Financial Approaches to Support Green Infrastructure in Ontario
Written by Sustainable Prosperity & released through the Metcalf Foundation Green Prosperity Papers
This report provides the rationale for local governments to consider green infrastructure strategies and introduces six market-based tools that are used across Canada and the United States to support such strategies. These tools include stormwater user fees and fee discounts; stormwater credit trading; grants, rebates and installation financing; development charges; development incentives; and habitat compensation banks. The report also describes a pioneering strategy to integrate the value to municipalities of existing green infrastructure, into formal local government asset management systems.
It introduces fee, incentive, and other market-based programs that can support the expansion of green infrastructure in cities and neighbourhoods. It considers the potential barriers to implementing these and offers recommendations, to local and provincial governments on how, to encourage greater use of green infrastructure, on private and public property in southern Ontario municipalities.
Click to view the Metcalf Green Prosperity Paper Series