Today Environment and Climate Change Canada’s Advisory Council on Climate Action (ACCA) released a report examining ways Canada can accelerate the transition to sustainable, resilient buildings and transportation. The report states that transportation and the built environment sectors account for over a third of Canada’s GHG emissions. While emissions are projected to decline in these sectors by 2030, the pace is not aligned with Canada’s commitments under the Paris Agreement.
Reviewing the report, it’s heartening to see how much of the ACCA’s recommendations validate the Canadian Green Building Council’s own focus on the need for deep retrofits to meet Canada’s carbon reduction targets, with tools such as the Zero Carbon Building Standard helping create a pathway for both new and existing buildings to reach zero carbon. Our recent initiative, The Disclosure Challenge, invites building owners to share their portfolio’s energy performance for better visibility into how investments in green building are paying off. And our Investor Confidence Project (ICP), which the report references, is a global underwriting standard for developing and measuring energy efficiency retrofits, offering investors a consistent roadmap for assessing risk and expected outcomes from deep retrofits.
While the ACCA report is not a comprehensive roadmap for policy, it does identify promising opportunities for GHG reductions in the built environment. Their recommendations include: