Support for deep energy retrofit projects on commercial buildings
HCi3 will fund programs that address climate solutions in the Halifax region in Nova Scotia
The urgency for action on climate change has never been greater, and Halifax has a critical role to play. HCi3 is ready to contribute to the charge on climate action in the Halifax region, and works with city representatives, local businesses, organizations and individuals, to find, enable and accelerate climate solutions.
HCi3 investments reduce GHG emissions, while earning returns to fund our local operations. Investment activities include a combination of impact investing (market-based investments with environmental, social and governance (ESG) considerations) and direct investments in local projects (e.g. loans for large commercial buildings to perform energy retrofits that reduce GHG emissions).
HCi3 is developing a Halifax-based investment program. Check back for updates soon.
HCi3 provides non-repayable grants for innovative and effective projects that seek to reduce local GHG emissions.
The criteria for this program are under development. Check back for updates soon.
“The transition to a low carbon economy requires investments in building retrofits, renewable energy, energy storage, transit systems and active transportation infrastructure. In the modelling work done for HalifACT, these public and private investments, which are incremental to business as usual investments, total $22 billion over 30 years. To put this into perspective, this investment is an annual investment equivalent to 4% of Halifax’s current annual GDP of approximately $17 billion.”CAO report to Halifax Council on HalifACT
There are many potential areas for investment support from HCi3. Potential future projects may include:
Use of innovative financial tools to increase investments in GHG reduction projects
Efforts to advance GHG reductions via updated local building codes
Assisting with efforts to increase the use of low emission vehicles
Support efforts to increase active transportation