The Denver City Council on Monday approved the biggest contract in the history of the city’s Climate Action, Sustainability and Resiliency office. All the money will be coming out of the city’s voter-approved, sales tax-fed climate protection fund.
The climate action office expects the program to reduce greenhouse gas emissions from buildings that take advantage of it by 30% to 70% and make electric heat pumps the new market standard. Other projected outcomes include lowering utility bills for residents in buildings that tap into the incentives and providing more economic stability in vulnerable communities across the city as fossil fuel prices continue to rise over time, Tejral said.
Launching pilot programs that include recruiting buildings and doing industry outreach to demonstrate the value and process of conversion.The city wants to pay especially close attention to what Tejral called under-resourced buildings.
More than 80% of the program budget is set aside to be handed out as incentives. Of that, half is earmarked for under-resourced buildings, Terjal said. The council approved the contract as part of its consent agenda Monday, a demonstration of broad support and a lack of controversy. Council members lauded the plan at the committee hearing last month.
“I am really exctied to see this get turned on for people to start taking advantage of the incentives,” councilman Jolon Clark said. “We’re seeing that it really does make a difference and it really does change behavior.”
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