Canada Infrastructure Bank (CIB) | Green Infrastructure: Commercial Building Retrofits Initiative
“Canada Infrastructure Bank (CIB)”
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The CIB Commercial Building Retrofits Initiative provides financing for decarbonization retrofits in privately-owned commercial, industrial and multi-unit residential buildings in Canada. The Initiative is part of the CIB $10 billion Growth Plan that aims to stimulate jobs for Canadians and strengthen Canada’s economy through new infrastructure investments.
The Initiative is designed to support an overarching vision that by 2030, there is a well-functioning marketplace for decarbonizing and modernizing existing commercial buildings in Canada that has sufficient capacity to help meet Canada’s climate targets. Achieving this vision will also depend on progress in several other key areas, including sufficient workforce and industry capacity and supportive government policies that drive demand for retrofits.
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