This Green House II follows up on our 2011 research on residential energy retrofit financing. The updated report is about opening the door for local government leadership on home retrofits through minor changes in local improvement charge legislation. Since buildings contribute as much as 30% of community greenhouse gas emissions this represents a huge opportunity. Ontario and Nova Scotia have already taken this step. BC can too.
“The timing couldn’t be better for such innovation. Research shows that, at current global emission rates, the entire carbon budget for a 50 percent chance of keeping global warming at 1.5 degrees will be exhausted by 2025,” says Charley Beresford, Executive Director of the Columbia Institute. “Clarifying legislation for local government retrofit leadership offers a spring board for climate action.”