Sustainability
Carbon price refocused on industrial emitters
Cancellation of the consumer carbon price comes with the Canadian government’s affirmation that other incentives for reducing GHG emissions from buildings will remain in place.
Lenders exhibit decarbonization disconnect
Canadian lenders may be reassessing the urgency of decarbonization, but they still express enthusiasm for the sustainable assets and impact investments that appear to be losing cachet in the United States.
Toronto offers heads-up on emission thresholds
Toronto could join the slate of North American jurisdictions that impose thresholds for allowable greenhouse gas emissions from buildings sometime later this year.
CRE retains ESG adherents as U.S. politics turn
Resilience and energy/water efficiency are projected to remain highly relevant for commercial real estate in the United States, while some other concepts linked to ESG are tapped to lose momentum.
Ontario recharges energy efficiency budget
Ontario’s energy efficiency budget has been recharged with a pledged 12-year, $10.9-billion spending strategy that significantly boosts funding for commercial, industrial, institutional and residential electricity customers.
New refrigerant restrictions set for 2025
Regulators in Canada and the United States are out of sync in banning the R-410A refrigerant that’s currently a mainstay of variable refrigerant flow (VRF) heat pump systems.
Existing buildings sector limbering up with AI
Artificial intelligence is proving useful for teaching old dogs new tricks in the existing buildings sector, finding energy savings and emissions reductions in advance of comprehensive retrofits.
Ontario re-evaluates steps for land use change
Proposed new provincial legislation would strip municipalities of their ability to request a record of site condition (RSC) in specified circumstances where the risk of site contamination is deemed to be low.
Sustainable proptech gaining momentum
An expanding roster of tech companies aligned with the sustainable and smart buildings market reflects growing demand from end-users and draws support from increasingly enthusiastic investors.
Emissions reduction plan hits early snags
A newly released audit of 20 select initiatives in the Canadian government’s 2030 Emissions Reduction Plan concludes that just nine of them are on track to meet their targets.
Canada aims to foster decarbonization capital
The Canadian government promotes a standardized approach for categorizing sustainable investment and verifying its credibility for market participants.
Elections loom in three Canadian provinces
Housing, tax and energy costs are prominent on the agenda as British Columbia, New Brunswick and Saskatchewan all prepare for provincial elections in October.
BOMA Canada awards industry’s best for 2024
The Building Owners and Managers Association of Canada presented its national awards on September 25, 2024.
Equity partnerships generate net-zero progress
A newly released primer from the First Nations Major Projects Coalition highlights clean energy opportunities and some illustrative generation, storage and transmission projects.
New water use initiatives afloat in summer 2024
New water use initiatives from the Canadian government and the Open Standards Consortium for Real Estate (OSCRE) have been unveiled for public input over the course of summer 2024.
Energy data refines ESG performance metrics
Energy efficiency will gain standing in the 2025 GRESB assessment when the global benchmark for ESG performance of commercial real estate portfolios introduces revised scoring for its energy performance metric.
New green buildings strategy mostly a rehash
The Canadian government’s newly released green buildings strategy contains little that is actually new for commercial real estate or public sector facilities.