Dialogue Summary: Financing and Funding Heat Pumps in Low-Rise Multi-Unit Residential Buildings

As we prepare for another season of extreme heat, the urgency to transition to heat pumps - an affordable, efficient, low carbon and reliable cooling solution for residents living in the most vulnerable buildings in BC - becomes paramount. One of the greatest barriers to transitioning to heat pumps in low-rise multi-unit residential buildings is financing and funding.

On February 6, 2025, Urban Climate Leadership in collaboration with the City of Vancouver and the Pacific Institute for Climate Solutions hosted a dialogue with over 50 leading private, public and nonprofit leaders to explore how to create the conditions to accelerate the installation of heat pumps. This report summarizes the short-term and long-term criteria for success and outlines viable options and recommendations for action.

Urban Climate Leadership (UCL) is pleased to share with you the following summary report, synthesizing themes from this dialogue.

You can access the report here.