BUILDING ENERGY BENCHMARKING KICKS OFF IN CALGARY
The City of Calgary recently launched the Commercial and Institutional Building Energy Benchmarking (BEB) Program. This program helps building owners and operators measure and track building energy performance to improve efficiency, contribute to energy savings and affordability, and reduce greenhouse gas emissions to help limit global climate change.
The deployment of low carbon financing requires formal opportunity identification and aggregation in order to make one-off building level upgrades financeable with low cost, patient capital. Programs like the BEB in Calgary don’t just help the individual building owner reduce its energy footprint but also signals to the renovation market and financial sector the overall investment potential of energy efficiency improvements and renewable energy in the city. We applaud the City for facilitating this program and taking this crucial step to unlock the flow of capital into Calgary.
The commercial and institutional building sector in Calgary emitted 5,481,664 tCO2e (tonnes of carbon dioxide equivalent) in 2019, which accounts for more than 30 per cent of Calgary’s emissions profile. Increasing building energy efficiency represents a significant opportunity to reduce greenhouse gas emissions in Calgary.
The City of Edmonton has a similar program. Edmonton was the first to bring a BEB Program to Alberta. We are excited to see the City of Calgary taking the concept and making it work in their local context.
Alberta’s largest urban centres are finding synergy by using BEB Programs in their approach to taking action on climate change. Alberta Ecotrust’s Climate Innovation Fund supports Building Better and Retrofitting Wiser as a key pillar in its programming. We will be looking for strategic opportunities to leverage these benchmarking programs to move the needle on reducing emissions in Calgary and Edmonton.
Are you a commercial or institutional organization with buildings located in Calgary?