2008 District of Saanich

The attached report outlines Saanich's groundbreaking Municipal Carbon Neutral Reserve Fund (the Fund) which commits Saanich to carbon neutrality and sets a new level of excellence for municipal climate change initiatives. The implementation of the Fund was approved by Saanich Council in September of 2007, along with a set of principles designed to ensure the proper management of projects utilizing the Fund. It is to be used only for new GHG-reducing initiatives within Saanich. The Fund is an innovative tool which, to our knowledge, has not been developed anywhere else in Canada. Projects stemming from this fund will make a significant contribution to GHG emission reduction in Saanich. Saanich takes pride in its reputation as a climate change leader and will continue to seek innovative ways to engage and educate the community and to share its knowledge with fellow local governments.