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IMAGINE 2020. JUST TEN YEARS FROM NOW. VANCOUVER IS THE IMAGINE 2020. JUST TEN YEARS FROM NOW. VANCOUVER IS THE

GREENEST CITY IN THE WORLD.GREENEST CITY IN THE WORLD.

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Learn more, share your ideas, vote, and comment at talkgreentous.ca

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Energy - Our Targets

20% Reduction in Energy and CO2E in Existing Buildings by 2020

Carbon Neutral New Buildings 2020

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Energy Use in Buildings 2008 Community GHG Emissions

Light Duty Vehicles 32%

Buildings55%

Heavy Trucks 5%

Solid Waste8%

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New Vehicles, 84,238 t

Large Emitters, 38,500 t

District Energy, 102,400 t

Carbon Neutral Electricity170,790 t

New Construction13,655 t

Retrofits, 170,253 tCompact

Communities, 117,940 t

Electric Vehicles, 28,671 t

Improved Transit, 117,488 t

Clean Fuels, 24,876 t

Potential Sources of Vancouver’s GHG Emissions Savings

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Greenest Building Code in North American for new homes

Highest uptake of any jurisdiction in the country for Eco Energy incentives

A strong political mandate for energy efficiency and sustainable development

Existing Context

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Process for moving forward

Develop retro-fit regulation that is aligned with Incentives and financing tools

Develop educational resources for home owners to make better decisions

Partner with industry groups, NGO’s and educational institutions to provide better training

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Creating workable financing tools

Different Tools for different buildings:

PACE (LICs) = Homes

On Bill financing = MURBS

Green Loans = MURBS

Commercial / Industrial = ???

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Goals for program development:

Goals for program development:

- will be aligned with other incentive and education programs currently in the market place

- will be easy to use and understand for building owners

- requires the City to be the collector, or possibly aggregator of payments, but not the financer

- limits the financial exposure to the City of Vancouver -results in no impact on City capital or operating budgets

- is designed for immediate implementation, preferably in early 2011

Assessment Report: Includes marketing

of PACEWhat’s on the menu?

Pre-approved List & Costs

HomeownerDecision

Homeowner undertakes

Reno WORK

Banks (& Others?)

CoV

HOMEOWNER obtains funds and repays via property tax.

3rd PartyAdministratorAggregator

PACE repayment on Property Tax Bill

Annual

Notice of

Assessment

Disbursement of Funds

Notice to CoV of PACE inducteeSec

uriti

zatio

n

PACE Application,

Receipts &

Authorization

Money flow

Information Flow

EGH AUDITOR: 1) Performs post audit

2) Copies reno receipts 3) Submits PACE Appl

4) Applies for utility Incentives

Federal Program:EGH Audit

Includes Introductionto Pace Program

CollectedPayments

Draft Program Framework

3rd PartyAdministratorAggregator

Draft Program Development

Market research

Business Case Development

RFP

Award

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Other Factors Moving Forward

• Process is helped by an explicit charter authority

• Developing a business case that demonstrates benefit for the home owner is critical

• Working closely with Energuide service providers

• Working with CMHC

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IMAGINE 2020. JUST TEN YEARS FROM NOW. VANCOUVER IS THE IMAGINE 2020. JUST TEN YEARS FROM NOW. VANCOUVER IS THE

GREENEST CITY IN THE WORLD.GREENEST CITY IN THE WORLD.