Cap And Trade Update: Funding Innovation At Institutions

Introduction

Ontario's Cap and Trade System under the Climate Change Mitigation and Low-Carbon Economy Act, 2016, could mean additional financial challenges for institutions arising from new compliance costs. In its Climate Change Action Plan (announced on June 8, 2016) Ontario commits to a fund to assist hospitals, universities and colleges to retrofit their facilities with energy efficient and renewable energy technologies. The details of the fund are still to be developed.

In the meantime, energy services companies and institutions could partner in order to get a head start on costly retrofits. Willms & Shier recently assisted an institutional client to implement comprehensive energy and water conservation measures at two of its campuses through such a partnership.