Dunsky Supports Government of Canada’s Landmark $2 Billion Investment in Accelerating Energy Efficiency and Decarbonization of Buildings

Dunsky is pleased to announce it was retained to support the design and implementation of the Canada Infrastructure Bank’s $2 billion Building Retrofits Initiative. As part of this initiative that includes both private and public sector financing streams, Dunsky developed a comprehensive approach for the private sector (aka the Commercial Building Retrofits Initiative) that aims to transform the Canadian building retrofit sector by driving significant value for building owners and private equity, creating thousands of jobs, and significantly reducing Canada’s GHG emissions.

An Unprecedented Industry Catalyst to Reduce GHGs

“The scale of this investment in retrofits is unparalleled. We are honoured to have been entrusted by the Canada Infrastructure Bank with the design of this historic initiative,” said Philippe Dunsky, President and CEO of Dunsky Energy Consulting. “Retrofitting buildings can significantly reduce emissions while saving energy, lowering operating costs, improving tenant comfort and building long-term value for property owners.  We believe this unique opportunity to capitalize on federal funding will draw a strong response from the private sector,” Dunsky added.

The Commercial Building Retrofits Initiative complements existing efficiency programs and acts as a catalyst for a deep energy efficiency retrofit market to serve Canada’s commercial building sector. Dunsky is responsible for providing comprehensive research, stakeholder engagement and all aspects of design of the initiative. Working with the CIB, Dunsky is also responsible for leading the technical and financial due diligence of potential financing opportunities, and working with CIB to ensure high-quality implementation throughout. Dunsky is supported in this project by the Canada Green Building Council and RDH Building Science. More information about the Commercial Building Retrofits Initiative can be found on the Canada Infrastructure Bank’s website.

Leaders in Energy Efficiency Program Design

Dunsky leveraged its extensive experience designing energy efficiency and clean energy programs for governments and utilities across North America, as well as assessing the costs, savings, cost-effectiveness, and market opportunity for energy efficiency across every building type and market segment. This project follows on the heels of a landmark financing program: in 2019, Dunsky was awarded the mandate to design the Federation of Canadian Municipalities’ $300M Community Efficiency Financing (CEF) program, the largest-scale financing program in Canada at the time. Dunsky has supported a range of other high-profile clean energy finance initiatives, including for the Government of British Columbia, the Government of Alberta, the City of Toronto (HELP and HiRISE), the Connecticut Green Bank, the Rhode Island Infrastructure Bank, and the California Public Utilities Commission.

About Dunsky

Founded in 2004, Dunsky supports leading governments, utilities and others across North America in their efforts to accelerate the clean energy transition, effectively and responsibly. Working across the buildings, renewable energy and clean mobility sectors, we support our clients through three key services: we assess opportunities (technical, economic, market); design strategies (programs, plans, policies); and evaluate performance (with a view to continuous improvement).