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ARTICLE · 22 JUNE 2011

PAPER Financing For Energy Conservation

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Some form of municipal financing that runs with the land has tremendous potential to accelerate energy conservation and green energy retrofits for existing buildings.

CanadaEnergy and Natural Resources
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Some form of municipal financing that runs with the land has tremendous potential to accelerate energy conservation and green energy retrofits for existing buildings. The David Suzuki Foundation has published a detailed report on one such concept, Property Assessed Payments for Energy Retrofits and Other Financing Options (PAPER). PAPER would treat energy conservation and green energy improvements to private property in defined areas as a form of infrastructure, to be paid for over time by special charges added to the property tax bill. The Foundation bases the concept on the widely used Local Improvement Charges mechanism under the Ontario Municipal Act 2001, and calls for regulatory changes to increase its appeal.

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