City of Melbourne's 1200 Buildings Program

Melbourne City Council may just have found the holy grail of how to fund retrofits in older buildings. Victoria has passed Australia's first legislation to enable a municipal council to recoup targeted retrofit funding through its rates collection.The loans will enable retrofits for buildings in the City of Melbourne's 1200 Buildings program, which aims to achieve energy and water savings and cut carbon emissions. It will also be a huge economic boost for the city and the state.  "We estimate that the 1200 Buildings Program will generate up to $2 billion in new investment and around 8000 extra green jobs over the life of the program," Lord Major Robert Doyle said.  For further information on this project