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🔥 The housing and climate crises are one and the same—we can’t solve one without the other. 📰 Sharing this great piece where Giulio Ferrini, Head of Built Environment, Institute for Human Rights and Business, breaks down why sustainability and social responsibility in the built environment are inseparable. ✊🏾Personally, after years working at the intersection of social equity, sustainability, and urban resilience—whether through circular construction or affordable housing—I couldn't agree more: we can’t afford to keep these issues siloed. A truly inclusive, resilient city must tackle eco-equity in tandem ( 🚀I'm cooking something up on this—stay tuned...) 🚨 The dangerous myth? That "there’s a trade-off to be made between sustainability and social responsibility, when in fact our research shows that the two must go hand in hand," says Ferrini. 🇧🇪 A great example Guilio shares is Belgium’s energy-linked rent controls freeze rent on the least energy-efficient buildings while linking rent increases to energy performance. • Poor rating (E/F)? Rent is permanently frozen • Moderate (C/D)? Rent rises at half the rate of inflation • High efficiency (A/B)? Full inflation-based rent increase “Innovative models that enable large-scale renovation can offer huge financial savings and speed up decarbonization.” 💥 Now, some of you might be thinking about Toronto’s renoviction crisis and wondering if this would just lead to displacement. But Belgium is doing things differently. In the GTA, we see too many situations where landlords use renovations as a means to evict tenants and 2 or 3x rents, fueling displacement instead of sustainability. Weak protections mean tenants often bear the cost of so-called "improvements." 🚨 Belgium’s approach flips the script with a win-win-win scenario: ➡️ Lower energy bills keep housing affordable ➡️ Cities benefit from lower emissions and better housing stock ➡️ Rent increases are capped—no market resets post-renovation ➡️ Landlords are incentivized to invest in actual energy retrofits rather than cosmetic upgrades ⚪ This isn’t a silver bullet—strong enforcement is key. But compared to cities where renovictions and displacement are rampant, this proves sustainability and affordability can go hand in hand. 🤔 Could this work in the GTA? Would love to hear thoughts⬇️ . . . 💰 Giulio also discusses Austria’s successful cost-based housing model, where rental profits are capped based on costs, not market rates. Nearly 25% of the housing market operates this way and the private sector still thrives. 📈 Public-private partnerships need a rethink. Too often, public money funds affordable housing, only for it to be later privatized. We need models that protect longterm affordability rather than subsidizing private profit. 🚀 The bottom line? "It is impossible to guarantee social justice without tackling the climate emergency." – Giulio Ferrini Agree? ⬇️ #HousingCrisis #ClimateJustice #SustainableCities #UrbanEquity