If it's about policy for all of government, I think the report of the National Round Table on the Environment and the Economy, which I mentioned in my presentation, lays out a pretty convincing agenda on how buildings not only contribute to reducing greenhouse gas emissions but what strategies can be used in buildings right now--commercial institutions as well as residential buildings--to get there, to actually get to a 50% reduction in energy use in new and existing buildings across the country. It's very convincing.
That's why I mentioned the technologies and that the know-how exists to do it. I think it really hinges around the willingness both on the part of industry and government to move forward in terms of policy. I think that's the important point to make.
On new buildings on the LEED system, I think what you're talking about would actually be beyond the platinum. LEED platinum would get you a 65% improvement in energy over the baseline. You have a building in your portfolio already--a Public Works building in British Columbia--that is 75% above the current energy standard. That is the kind of model that can show this can be done right now.
I know they didn't spend a fortune on this building to do this. It is as much the technology as it is the process of how you design buildings. We talk about the integrated design process and making it happen. Well, all the players--the owner, the designer, the builder--actually envisioned what the building was supposed to be. It's the integration; that's when you really get the efficiency. The building codes are very linear, and it's this integration where you get buildings that are really performing at a very high level.
In terms of what you're talking about, I would have a policy that would extend to all government departments that own and operate buildings. Given the urgency around climate change, I would talk at a very high level of energy performance that is perhaps 50% by 2010 or 2015, and then you have to ramp it up every year.
These are the kinds of policy approaches you see out there. It's not that we're doing this now and it stays for 10 or 20 years; it's a process for continuous improvement that uses data-driven performance measurements. It feeds it back so you learn to achieve ever higher levels of performance. That is then benchmarked with other jurisdictions such as Europe, Japan, the United States. You can see that you actually are making progress, and it also encourages other jurisdictions to make progress as well. So this is really a data-driven approach to increasing performance in buildings.
I think the goal can be set right now at 50%, and it can be made higher. For example, CMHC has the net-zero housing initiative. I've seen some of the proposals. Again, this is technology that is doable. It actually comes to net zero. So carbon-neutral buildings in the residential sector are possible, and that's certainly also possible in the commercial sector as well, if we take the right approach. A cycle of continuous improvement ramping up over time will get us there.