September 2020. This report reviews the business case and financing options for deep retrofits in the multi-unit residential building sector, and makes recommendations for improving business case evaluation and financial supports. Some of the barriers to deep retrofits are caused by gaps in information and capability, and can be addressed through education and awareness efforts. […]
Issue: Financing
Co-investor Sheet
January 2020. TAF is a leader in impact investing. We specialize in demonstrating and accelerating the high investment quality of low-carbon solutions. Leverage our expertise and track record by co-investing with us.
TAF’s Comments on the Expert Panel’s Interim Report on Sustainable Finance
January 2019. Government of Canada. Here are our insights and comments on the Expert Panel on Sustainable Finance (Environment and Climate Change Canada)’s interim report on Sustainable Finance. TAF is particularly pleased that the Expert Panel on Sustainable Finance has identified investment in energy efficiency retrofits of existing buildings as a priority opportunity which should be […]
TAF comments on a Made-in-Ontario Climate Plan
November 2018. Government of Ontario. The Ontario government had an open consultation period for their new climate change plan, which closed on November 16, 2018. Here are TAF’s comments on Ontario’s new climate plan to the Ministry of Environment, Parks, and Conservation – submitted by Bryan Purcell, Director of Policy & Programs. The views expressed […]
Robert Cooke Co-op Case Study: A TowerWise Retrofit Project
July 2018. City of Toronto. Energy Efficiency Retrofit Saves $93,000, Exceeds Efficiency Targets by 169 per cent Using an innovative financing instrument called the Energy Savings Performance Agreement (ESPATM), TAF helped the Robert Cooke Co-operative in Toronto reduce its greenhouse gas emissions 30 per cent and its annual utility costs 20 per cent, delivering $93,000 […]
TAF comments on the City of Toronto’s Residential Energy Retrofit Program updates
May 2018. City of Toronto. Given that buildings are responsible for 53 per cent of Toronto’s carbon emissions, improving building energy performance is a crucial component of the City’s TransformTO strategy. Programs such as the City of Toronto’s Residential Energy Retrofit Program help to facilitate retrofits of our existing building stock to meet our climate targets. […]
Money on the table: Why investors miss out on the energy efficiency market
November 2017. Energy efficiency retrofits are profitable, yet investment levels are low in Canada. Energy efficiency improvements in buildings represent a multi-billion dollar investment market, yet only a fraction is currently being exploited. This TAF report takes a closer look and identifies three market failures that prevent investors from capturing the full value of the energy efficiency […]
Getting More Bang for Ontario’s Energy Efficiency Bucks
August 2017. Government of Ontario. This brief presents the Minister of Finance with recommendations for how the Ontario Government can achieve more impact – energy savings, carbon reduction, jobs – from the public funding provided for energy efficiency retrofits and engage capital markets in the transition to a low-carbon economy. The underlying challenge for public energy efficiency […]
Social Venture Development: Insights from the Incubation of Efficiency Capital Corporation
June 2017. In 2015, The Atmospheric Fund (TAF) incubated Efficiency Capital Corporation (ECC), a for-profit energy efficiency financing company over the course of three years, with a private investor. Incubating a social venture was one impact investment strategy TAF chose to advance its mandate of reducing barriers to and mobilizing investment in energy efficiency retrofits, […]
TAF Guide Energy Efficiency Financing Tools
March 2017. Financing tools that help building operators overcome the upfront cost retrofits are critical to help accelerate energy efficiency across market segments. This guidance note is intended to provide readers with a practical overview of the range of energy efficiency financing tools currently in use in North America, with a focus on mechanisms that […]
