BMO Retrofits

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Participating building owners, including smaller and medium-sized buildings, who would not typically qualify for CIB loans, can now access financing to accelerate green building upgrades and reduce greenhouse gas emissions. Through this partnership, low carbon retrofits which qualify for certification under the Canada Green Building Council’s Investor Ready Energy Efficiency (IREE) or Zero Carbon Building standards (ZCB) will have access to a below market loan.Benefits of CIB’s InvolvementWith buildings currently accounting for 18 per cent of Canada’s greenhouse gas emissions, modernizing these assets is critical to meeting Canada’s climate change goals. We are transforming the retrofits market by leading the way for private financing. Our investment will help finance upfront capital costs of retrofits, which will be repaid through the sharing of energy savings over a period of several years.Expanding our Building Retrofit Initiative to target smaller buildings helps to accelerate the reduction of carbon emissions across Canada.

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