Urban Efficiency II: Seven Innovative City Programmes for Existing Building Energy Efficiency builds on research in the successful predecessor “Urban Efficiency” Report and captures seven new detailed city case studies from C40 member cities. It is primarily targeted at city-level policy makers and decision makers across the world. The report increases the resource and evidence base available to support cities understanding of the characteristics and impact of innovative city programmes emerging across C40 cities, that advance operational energy efficiency and retrofitting in existing, privately owned buildings.
Renew Boston Trust – Commercial – Abstract
Renew Boston Trust – Commercial (RBT-C) exploits structured finance principles through a nonprofit and public-private partnership to channel private investor funds into energy efficiency and renewable energy projects in commercial-sector buildings. Now in its advanced design stages, the programme will integrate performance guarantees into projects. This will allow it to navigate commercial lease hurdles to ensure that both benefits and costs are properly shared, enabling all parties to benefit from reduced energy expenditures. A major feature of RBT-C are strategies to overcome split-incentive issues and uncertainty regarding financial and technical performance to foster deep energy retrofits and climate resiliency investments.
The full case study for Renew Boston Trust – Commercial can be found here.
- Key Impact
- RBT-C’s principle innovation lies in using the special purpose entity to deploy an energy services agreement with energy performance contracts; that is, energy management services that include savings guarantees
- Initial Investments
- Initial projects will include a $50 million district energy plant, efficiency upgrades and a multi-user microgrid