Energy savings in buildings and residences have become what investors believe is a profitable market, where they can not only make money, but also do something good by reducing energy consumption and greenhouse gas (GHG) emissions.
An article that ran in the Toronto Sun highlighted the Toronto Atmospheric Fun (TAF), a municipal agency aiming to reduce GHG emissions.TAF has developed an investment vehicle that offers financing to building owners and landlords for capital projects that would reduce their overall energy consumption.The loan is paid back through the reaped energy savings over the length of a contract, so money does not come out of the clients’ pockets.If there are not any savings, an insurance claim is paid.
Similar programs can be found across Canada for homeowners, building owners, and landlords.
