The Investor Confidence Project (ICP) defines a clear road-map from retrofit opportunity to reliable Investor Ready Energy Efficiency. It is a global underwriting standard for developing and measuring energy efficiency retrofits and is administered by GBCI. Its IREE certification signals to investors that a project has adopted best practices that can help reduce transaction costs and increase savings. The protocols offer investors a consistent roadmap for assessing risk and expected outcomes from deep retrofits .
The IREE certification is currently being used by project owners, investors, engineers and insurance companies in North America and Europe. Energy efficiency programs such as Pacific Gas and Electric’s On-Bill Financing Program, the New Jersey Board of Public Utilities Pay4Performance Program, the Connecticut Green Banks Commercial Property Assessed Clean Energy program, the United Kingdom’s Carbon and Energy Fund and others are also applying the IREE certification.
CaGBC, GBCI and the Advanced Energy Centre at MaRS Discovery District (MaRS) are working together to bring ICP and IREE to Canada.
In the Pan-Canadian Framework, the Canadian federal government recognized the role that retrofitting buildings will play in reaching Canada’s targeted emissions reductions. The CaGBC and GBCI are bringing ICP to Canada to accelerate uptake on retrofits and help meet the government’s goals. The IREE-certified projects will catalyze more investment into energy performance upgrades for existing buildings and provide confidence on the long-term performance of the buildings post retrofit.
The next steps for the ICP program in Canada will be the recruitment of Canadian projects by December 2018. Selected projects will be accompanied through the IREE documentation and certification process through 2019.
To help introduce the ICP tool in Canada, the ICP Early Adopters Program is enabling a limited number of projects to pursue energy efficiency retrofits using Canadian tailored ICP Protocols.
If you are interested in becoming one of these Early Adopters or would like to know more about the Program, view the information sheets below, or contact Akua Schatz, Senior Director of Advocacy by email.
Early Adopters Factsheet
Early Adopters Protocols
100 Murray Street, Suite 400
Ottawa, Ontario K1N 0A1
Toll-Free: (866) 941-1184
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