Ithaca, New York votes to decarbonize every building in climate change fight

The city, whose total budget is only about $80 million, is turning to the private sector to fund its building decarbonization effort. The idea, said Aguirre-Torres, is to fund the program using private equity and then help reduce the costs of the capital via state and federal incentives, as well as manufacturer rebates. The city would also establish a fund that, bolstered by philanthropic donations, would further help lower the cost of the program, especially for low-income households.