EDMONTON, ALTA. — The City of Edmonton and the Canada Infrastructure Bank (CIB) are joining forces to reduce greenhouse gas emissions through a series of agreements.
The partnership includes advising the city on its building retrofit initiative, which is designed to improve the energy efficiency of municipal buildings. The goal of the feasibility study is to find opportunities to reduce greenhouse gas emissions from the city’s existing buildings and new approaches to modernizing its assets.
The CIB already has a goal to provide financing for decarbonization retrofits in publicly-owned buildings.
Edmonton aims to use the study to assist its Community Energy Transition Strategy that intends to achieve carbon neutrality by 2050.
The partnership will also enable the city to purchase zero-emission buses and complete a feasibility study on municipal building retrofits.
The CIB has committed to provide $14.4 million towards the acquisition of 20 new zero-emission public transit buses.
The new bus purchase will add to Edmonton Transit Service’s fleet of 40 zero-emission transit vehicles. City officials anticipate that the lifetime operating costs for the new buses could be as much as 40 per cent lower than diesel buses.