Mexico City Workshop Helps Cities Advance Municipal Building Energy Efficiency Retrofit Projects
MEXICO CITY, MEXICO (November 17, 2017) – A workshop in Mexico City, organized by WRI Mexico, C40 Cities Climate Leadership Group, the Building Efficiency Accelerator and the Financing Sustainable Cities Initiative, convened more than 50 officials, experts and private sector representatives from various cities in Latin America, Europe and the U.S., to discuss business models for successful municipal building energy efficiency retrofit projects.
Buildings consume more than 30 percent of the world’s energy and are responsible for 25 percent of global greenhouse gas emissions. Current trends show that building GHG emissions will double by 2050. Furthermore, 80 percent of building energy is not used efficiently, resulting in higher taxes, high energy costs and air pollution damaging to human health. City decision-makers are increasingly turning to building energy efficiency retrofit projects for multiple environmental, social and economic benefits, initially targeting public buildings to lead by example.
Workshop discussions focused on the barriers and opportunities cities face when funding and financing municipal building retrofits, and how local and national governments can collaborate to unlock energy efficiency measures in buildings. Important findings from global case studies were also shared, complemented by a tour of a municipal building retrofit site in Mexico City.
WRI experts Andres Flores, Shannon Hilsey, Luca Lo Re, Eric Mackres and Marco Villalobos presented international case studies and research using a Business Model Framework developed by WRI Ross Center through its Financing Sustainable Cities Initiative and moderated panel discussions with experts from the private and finance sectors. During an interactive session, workshop participants explored business models for a fictitious retrofit project. This exercise familiarized participants with the Business Model Framework and how to apply it to their own projects.
The workshop ended with each city outlining a roadmap for future projects with specific next steps.
Financing Sustainable Cities (FSCI) is an initiative of WRI Ross Center for Sustainable Cities and C40 Cities, funded by the Citi Foundation, helping cities develop business models that can accelerate the implementation of sustainable urban solutions.