Why is Sustainability Important?
Simply stated, our global future depends on it. The importance of finding a sustainable future is rooted in three issues that are very much linked to one another: 1) fossil fuel depletion, 2) climate change due to CO2 emissions, and 3) the increasing costs of energy and water.
Since the industrial revolution, the world’s industrialized nations have been founded on access to “cheap” fossil fuel energy. We all know that fossil fuels are a finite resource, and it’s alarming that demand for fossil fuels continues to increase. As other nations, such as China and India, become more industrialized, the global demand and price of fossil fuels will further increase, as will emissions of CO2. We’re also witnessing steady increases in the prices of energy from other sources, and in turn, the cost of fresh water. This is placing an increasing burden on economies worldwide, as well as the costs that an average homeowner faces.
We consider a move to greater sustainability, in all aspects of life, critical to our future. We only have one earth. We must find ways to reduce our harmful impact on the environment. Our focus is on increasing the sustainability of Canada’s new and existing homes. Increasing sustainability of our housing stock will had the dual benefit of reducing our harmful impact on the environment, while also reducing the economic impact of high energy costs.
Canadian Housing Market
There are more than 6.5 million existing homes in Canada, many of which are over 30 years old and use excessive amounts of energy and water to operate. Approximately 100,000 new homes are built in Canada each year and only 15% are currently built to sustainability standards.