City of Vancouver Eco bonds to help home and business owners with green upgrades.
ECO bonds are helping cities throughout the US with renewable energy and efficiency upgrades to their homes and businesses. By leveraging the lower borrowing rates of the city, Vancouver can help citizens get over the high up-front costs of green retrofits by deducting an additional amount from property taxes over a long term - say 20 years - period.
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Blane Grann
shared this idea
Financing tools (currently under development) may encourage building owners to improve the performance of their buildings rather than rebuild
