Vancouver's Decarbonization Plan Faces Affordability Issues

Vancouver is introducing emissions reporting for large buildings as part of its decarbonization plan, effective June 1. The bylaw targets buildings over 100,000 square feet, aiming for zero emissions by 2040. While some owners may adapt quickly, others face financial challenges. Damian Stathonikos of BOMA B.C. notes potential costs could lead some owners to redevelop instead. Support from senior and local governments is crucial to offset expenses.