Edmonton is to achieve its net zero targets and to support the plans, the focus should be to move to alternate sources of energy, especially solar, and moving forward, become a hub for battery + solar components recycling for safe disposal.
Our team is here with one of the solutions for tackling up and that is to reach out to the CEIP fundraising programs.
The Clean Energy Improvement Program (CEIP) is a funding program designed to assist Edmonton, Alberta, property owners in investing in sustainable energy renovations to their homes. The initiative offers upfront payment for energy efficiency, renewable energy, and water conservation projects.
Here's how it usually works.
Finances: Property owners can apply for funding under the CEIP to pay the initial expenses of qualified renewable energy renovations. This finance is paid back over time with a special charge on the property tax statement.
Eligible Upgrades: The program often includes a wide variety of modifications targeted at enhancing energy efficiency and lowering environmental impact. This might include solar panels, energy-efficient heating and cooling systems, insulation, windows, and water-saving features.
Repayment: The loan is returned over time, often many years to a few decades, via the property tax bill. This enables property owners to spread the expense of renovations across time, making them more manageable.
Benefits: Alberta Municipalities administers the initiative, which will fund about 80 residential improvements and retrofits, as well as 20 business projects. If this is effective, the city's next objective will be to revitalize the program. Innovative solutions such as CEIP work to develop our local economy, safeguard the environment, and build a more low-carbon Edmonton.
The specifications of the Clean Energy Improvement Program may differ based on jurisdiction and local rules. It's usually a good idea to ask local authorities or program managers for further information about eligibility requirements, financing choices, and acceptable renovations. ( CEIP,2023)
ETFs have a lower management expense ratio (MER) as compared to mutual funds and are therefore attracting more investors as compared to MFs.
ETFs since they are traded directly on the stock market are good for passive ( index ) based restrictions and therefore have very few restrictions. The promotion of the current ESG-oriented index for the ETF is the MSCI Canada IMI Extended ESG Focus Index.
While being traded on the TSE, the reason for us to choose this XESG-based etf was to gain exposure to a portfolio of big, mid, and small-cap Canadian equities that prioritize firms with favorable environmental, social, and governance (ESG) qualities, as defined by the index provider, aim for a risk-return profile comparable to the broad Canadian stock market benchmark while obtaining a more sustainable outcome. Use as a low-cost sustainable investment foundation for the core of a retail investor’s portfolio.
This ESG ETF is traded on various trading brokerage platforms where any individual investors like you and me can trade since we know Canada has a relatively low population, less than 5% of the population trades on equity investments. Our focus is on working towards a proposal for the removal of the brokerage services ( that includes trading costs) on the ESG-driven ETF so that we can attract more retail as well as hedge fund investors. Although this idea is on a global level the impact it will have will drive the economy, and work towards the sustainability of our mother nature.(XESG,2024)