News & Updates
Partnership between The Canada Infrastructure Bank and Efficiency Capital to provide innovative financing for retrofit projects
Recently, The Canada Infrastructure Bank (CIB) announced a commitment to invest up to $50 million into Efficiency Capital’s Commercial Building Retrofit Initiative. Through this program, Efficiency Capital works with building owners to identify potential energy-saving upgrade projects, and provides upfront financing to implement them. Any energy cost savings from the upgrades are used to pay back that initial investment.
To be eligible for this financing, projects must achieve a minimum reduction of 30% in emissions. With a significant percentage of Canada’s emissions generated by buildings (17%), this unique funding opportunity is an important step towards meeting our shared climate goal of net-zero carbon emissions.