TheCityFix is covering cities at COP21.
Upgrading a chiller, installing a solar photovoltaic system, undertaking a deep whole-building retrofit—all these projects require large upfront investments and have long payback horizons even as they deliver operational savings. External funding and innovative finance may complement the use of internal capital or operating budgets to support investments. And increasingly, new metrics for value are reshaping the discussion from straight financial “return on investment” of a technology to new metrics on building asset value and achieving co-benefits such as improvements in productivity, environment, health, and resilience. Photo Credit: Michael Fleshman/Flickr
When it comes to improving energy efficiency in buildings, cities can lead by example to create a big impact.
As China urbanizes, buildings in the country’s cities are a growing source of emissions and air pollution.
Urbanization is reshaping the economy, energy systems, and climate of our planet. By 2050, the world’s cities are expected to add 2.
Property Assessed Clean Energy (PACE) financing reached a turning point in 2013. Twenty-five programs now make PACE financing available in nearly 500 cities and towns in nine states and Washington, D.C. More than 250 PACE projects worth over $75 million have been completed; programs report a total pipeline of more than $250 million in project applications. “Setting the PACE: Financing...
Deep building retrofits are attractive investments, yet they are often not completed because the full value of the retrofit isn’t taken into account. Such retrofits are typically evaluated based on energy savings alone, leaving the non-energy benefits out of the investment decision making process. A new Rocky Mountain Institute (RMI) report, “How to Calculate and Present Deep Retrofit...
Green buildings provide many benefits to owners, developers and occupants that should translate into additional property value during a building’s appraisal. Green Building and Property Value: A Primer for Building Owners and Developers, explains why green buildings deserve higher value, then spells out how to document that value to lenders and appraisers. “The guide will help...