Yes. Existing buildings are the single biggest source of greenhouse gas emissions in Ottawa. To meet our target to reduce greenhouse gas emissions to zero by 2050, 95 per cent of commercial and industrial, as well as large residential buildings, must reduce energy for heating use by 70 per cent and for electricity use by 30 per cent by 2040. This makes subsidizing energy retrofits in older buildings a highly efficient strategy for achieving emission reduction targets. The equity component is also a compelling reason for the City to subsidize retrofits as low income residents disproportionally feel the effects of climate change. They should not also be on the line for retrofits which save money long-term, but are expensive to implement up front.
No. Cannot commit to funding without knowing the cost of that funding.