Category: 3. Business

  • Governor Lamont Announces Funding To Establish New State Program Helping To Make Energy Efficiency Upgrades at Existing Homes

    Governor Lamont Announces Funding To Establish New State Program Helping To Make Energy Efficiency Upgrades at Existing Homes



    Press Releases


    12/18/2025

    Governor Lamont Announces Funding To Establish New State Program Helping To Make Energy Efficiency Upgrades at Existing Homes

    (HARTFORD, CT) – Governor Ned Lamont, chairman of the State Bond Commission, today announced that the commission voted at its meeting this morning to approve an allocation of $18 million in bond funding that will be used to establish the Housing Environmental Improvement Revolving Loan and Grant Fund – a new state loan and grant program that will assist in making energy efficiency upgrades at existing single-family and multi-family homes and helping residents generate savings on energy bills.

    Administered by the Connecticut Department of Energy and Environmental Protection (DEEP), this program will be used to help with the retrofitting costs of items such as the installation of more efficient heating and cooling equipment, building envelope upgrades, and other similar items that produce energy savings. The program will build on the success of DEEP’s most recent barrier remediation program, the Residential Energy Preparation Services program, which recently utilized all its available funding, removing hazards in dozens of homes, clearing the path for money saving efficiency upgrades.

    The establishment of the program and its related bond funding was authorized by the Connecticut General Assembly through Public Act 25-125, which Governor Lamont signed into law this summer.

    “Energy efficiency improvements are a huge part of the way that savings can be generated on energy bills,” Governor Lamont said. “One of the great things about energy efficient upgrades is that they help reduce costs and increase reliability for all ratepayers – not just the person installing an energy efficient upgrade – by reducing wasted energy across the electric grid. With this funding, we’re also removing barriers that prevent people from being able to install energy efficient upgrades. Everyone should be able to realize the savings that can come from installing energy efficient upgrades in the home. Altogether, these funds will help expand affordable housing in Connecticut by rehabilitating existing housing and integrating energy upgrades that lower utility costs, improve resident comfort, and extend building life.”

    “The Housing Environmental Improvement Revolving Loan and Grant Fund builds on DEEP’s commitment to addressing high utility costs for low-income residents,” DEEP Commissioner Katie Dykes said. “With housing and utility costs rising, this funding is essential to help residents and developers, who live in or own low income single and multifamily buildings, access weatherization and energy efficiency measures that can lower utility bills, increase comfort and safety, and keep housing costs affordable.”

    When the program begins, $12 million from this initial $18 million allocation will be used to provide loans for developers to install energy upgrades and retrofits in existing multifamily affordable housing, including but not limited to more efficient heating and cooling equipment and building envelope upgrades.

    The remaining $6 million will go toward removing barriers that prevent people in lower-income, single family homes from making their homes more energy efficient. Barriers include asbestos, knob and tube wiring, mold, and moisture. These barriers disqualify homes from state and federal weatherization and energy upgrade programs, as contractors are unable to move forward with energy audits, window and insulation installation, and other measures if such barriers are present. For example, in 2024, about 30% of Home Energy Solutions – Income Eligible units and 50% of Weatherization Assistance Program units were deferred due to health and safety barriers. Lower-income residents face the highest energy burden, or percentage of gross income spent on energy bills, and without funding for barrier remediation these homes cannot proceed with weatherization work and therefore are not able to improve their energy efficiency, which can save money on utility bills and increase home comfort.

    In 2024, DEEP compiled public input related to this funding through a request for informationwhere respondents highlighted gaps and challenges in the affordable housing energy efficiency space, such as lack of technical assistance, difficultly accessing financing, high costs, health and safety barriers, and market confusion. Additionally, DEEP held three Affordable Multifamily Stakeholder Roundtables in June that produced similar key takeaways and sparked the creation of an interagency working group to discuss coordination among their various affordable multifamily programs.

    The next steps in the establishment of the Housing Environmental Improvement Revolving Loan and Grant Fund include determining the process to recruit entities that can implement the program. DEEP hopes to solidify a process for entity selection by early to mid-2026, with the goal of initial program launch for both the grants and loans by end of 2026.

    Funding complements other recent efforts to reduce energy costs

    The funding and establishment of this program complement other efforts Governor Lamont has enacted recently to help reduce energy costs. These include:

    • Governor Lamont signed energy affordability legislation this year that will save ratepayers at least $300 million on their electricity bills over the next two years, and more in future years.
      • Public Act 25-173 was a collaborative, bipartisan effort to provide rate relief immediately and over the longer term to Connecticut residents and businesses facing costly utility bills.
      • Connecticut was recently recognized for its passage of Public Act 25-173 and Public Act 25-125 by the National League of Conservation Voters in its 2025 Clean Energy Report.
      • The $300 million includes savings to ratepayers of $125 million annually in each of fiscal years 2026 and 2027 by shifting hardship protection measure costs off electric bills to state bonds; and $30 million in savings in fiscal year 2026 and $20 million in fiscal year 2027 by shifting electric vehicle charging program costs off electric bills to state bonds.
    • Connecticut’s Conservation and Load Management (C&LM) energy efficiency programs, implemented by Connecticut’s utilities with oversight from DEEP and the state’s Energy Efficiency Board, continue to provide significant energy and bill savings benefits to ratepayers.
      • C&LM program investments in 2025 alone are expected to deliver $353 million in bill savings to Connecticut ratepayers over the lifetimes of the installed efficiency measures.
      • In 2025, an individual Connecticut resident participating in the home energy assessment program through EnergizeCT is expected to receive an average incentive of $1,129, which will result in $2,068 average lifetime bill savings.
      • Overall, C&LM programs returned $2.38 in benefits for every $1 invested from 2022 to 2024. Benefits are anticipated to increase to $3.30 for every $1 invested in 2025-2027.

    Gov Lamont masthead

    Twitter: @CTDEEPNews

    Facebook: DEEP on Facebook


    Contact

    DEEP Communications  
    DEEP.communications@ct.gov
    860-424-3110


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  • Claudia Sahm on how Private Data can Augment Official Statistics

    Claudia Sahm on how Private Data can Augment Official Statistics

    While official statistics compiled by government agencies are still considered the most reliable, policymakers are increasingly using private data to get around their limitations. Claudia Sahm is a former principal economist at the Federal Reserve Board of Governors and has studied the growing role of alternative data in monetary policy. In this podcast, Sahm says the immediacy and granularity of private company data should serve as a complement to traditional data, not as a substitute.

    Read the article in the IMF’s Finance & Development magazine

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  • Santa Monica advances Digital Display District Ordinance for Third Street Promenade and Santa Monica Place

    Santa Monica advances Digital Display District Ordinance for Third Street Promenade and Santa Monica Place

    December 18, 2025 9:28 AM

    Council approves agreements for seven displays

    SANTA MONICA, Calif. (Dec. 17, 2025) — The Santa Monica City Council on Tuesday approved a Digital Display District Ordinance establishing a digital display district encompassing Third Street Promenade and Santa Monica Place shopping center. 

    Building on the Realignment Plan, which focuses on a clean and safe downtown through public safety investments, capital improvements, and new and existing Promenade activations, the Digital Display District Ordinance is intended to complement broader revitalization efforts. Together with initiatives such as the Entertainment Zone, both serve as strategic placemaking tools to support a vibrant and revitalized downtown. 

    The ordinance allows the city to advance its vision of downtown as a cultural, entertainment, and economic center while maintaining standards for quality and consistency of digital displays, such as: 

    • Digital displays are limited to corner buildings on Third Street Promenade and on four exterior façades at Santa Monica Place. 
    • Each display is capped at 1,000 square feet, with a maximum of 16 displays districtwide. 
    • All digital displays require approval through individual Development Agreements, ensuring consistency and meaningful community benefits. 
    • Each owner of the digital display must meet minimum building occupancy standards to ensure active, occupied ground-floor spaces that support pedestrian activity and a vibrant streetscape. 

    Other key provisions of the ordinance include: 

    • Limits on brightness, hours of operation and refresh rates 
    • Projections and encroachment standards 
    • Prohibitions on flashing or traffic-confusing content 
    • Mandatory use of 100 percent renewable energy, where commercially available 
    • Emergency alert capabilities for public announcements 
    • Strict maintenance, safety and malfunction requirements 

    The ordinance also requires the provision of community benefits, including financial contributions to the city. The ordinance specifically requires that applicants provide a one-time contribution to the city of $500,000 per digital display and continuous annual financial contributions consisting of a revenue-sharing model or minimum annual guarantee of at least $500,000, whichever is greater. 

    Assuming all 16 displays are active, the estimated ongoing contribution to the city is expected to be between $3.5 million and $7.0 million annually, or 20 percent of the gross annual revenues for each approved digital display, whichever is greater. 

    Additionally, each digital display must allocate at least 20 percent of screen time for city public messaging and arts content that may include civic information, cultural programming, local storytelling, and public art.

    The ordinance will go into effect 30 days after the second reading, slated for early 2026. 

    Following the adoption of the ordinance, the council also approved four development agreements for seven large-format, off-premise digital displays in Downtown Santa Monica: 

    • Four displays at 395 Santa Monica Place 
    • One display at 301 Arizona Avenue / 1253 Third Street Promenade 
    • One display at 1202 Third Street Promenade 
    • One display at 1310 Third Street Promenade 

    The approved Development Agreements will go into effect upon the effective date of the ordinance. 

    For more information, watch the meeting discussion here, or see the staff report here.

    Media Contact


    Tati Simonian


    Public Information Officer


    Tati.Simonian@santamonica.gov

    Categories



    Business, Regulatory Environment, Special Opportunities

    Departments



    Community Development

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  • Oil prices steady as market assesses mounting risks to supply – Reuters

    1. Oil prices steady as market assesses mounting risks to supply  Reuters
    2. Oil prices jump on Trump’s Venezuela blockade  Business Recorder
    3. The Energy Report: We Want It Back  Investing.com
    4. Crude Oil Prices Supported by Geopolitical Tensions  TradingView — Track All Markets
    5. Oil Price Today (Dec. 18, 2025): WTI Near $56 and Brent Near $60 as Russia Sanctions Talk, Venezuela Blockade Clash With Oversupply Fears (Updated 9:15 PM EST)  ts2.tech

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  • Physicist Jun Ye named to Quantum 100 list | CU Boulder Today

    Physicist Jun Ye named to Quantum 100 list | CU Boulder Today

    This week, UNESCO named physicist Jun Ye to its Quantum 100 list—a catalogue of some of the top leaders around the world in the rapidly growing field of quantum science.  

    Ye holds the Monroe Endowed Professorship in Physics at CU Boulder and is a fellow at JILA and the National Institute of Standards and Technology (NIST). Among other research goals, Ye has revolutionized how scientists measure time, developing quantum technologies that can track the passage of time with never-before-seen accuracy and precision.

    Ye is “recognized for his curiosity and his hands-on approach to experimentation,” according to the Quantum 100 list. “He has built a world-class research program using light, atoms, molecules, and advanced optical tools to explore nature with unprecedented precision.”

    The recognition is part of the 2025 International Year of Quantum Science and Technology, which marks the 100th anniversary of what scientists often consider the beginning of quantum mechanics.

    “I love this remarkable piece of science, which connects profound secrets of nature to our growing capabilities of revealing them,” Ye said. “The Year of Quantum has further strengthened the ideal that collaboration among scientists will help us to harness quantum science for building better and more meaningful lives for all of us in the world.”

    Ye earned his PhD from CU Boulder in 1997 where he trained under Jan Hall, who went on to win a Nobel Prize in 2005. Ye returned to JILA in 1999 and has received numerous awards for his research, including the 2022 Breakthrough Prize in Fundamental Physics.

    “We are thrilled that Jun Ye has been identified as one of the Quantum 100 as part of the International Year of Quantum Science and Technology,” said Senior Vice Chancellor for Research and Innovation and Dean of the Institutes Massimo Ruzzene. “Jun’s groundbreaking research, visionary leadership, and unwavering commitment to collaboration and mentorship have been instrumental in driving quantum innovation at CU Boulder, JILA, NIST and across the Front Range, setting a global standard of excellence.”

    Ye leads several quantum research initiatives at JILA. They include the CUbit Quantum Initiative and the Quantum Systems through Entangled Science and Engineering (Q-SEnSE) center funded by the U.S. National Science Foundation.

    At JILA, Ye pioneered the design of optical atomic clocks, devices that measure time by tapping the behavior of atoms and electrons. His lab’s clocks would neither gain nor lose a second over billions of years.

    Ye and his team have also worked to transform insights into the quantum world into technologies that can improve people’s lives. His lab, for example, built laser-based devices that can analyze samples of human breath, screening people for COVID-19 infections and other health conditions.

    The Quantum 100 list also includes Chris Monroe who earned his doctorate in physics from CU Boulder in 1992 and whose investment established Ye’s endowed professorship.

    UNESCO stands for the United Nations Educational, Scientific and Cultural Organization, a specialized agency of the UN focused on fostering peace, security, and human rights through international cooperation in education, science, and culture. It develops educational tools, promotes cultural heritage, works on scientific endeavors like climate change, and designates World Heritage Sites to preserve globally significant places.

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  • Changes to the Blue Box Regulation: Details on management requirements, energy from waste, changes to collection, and other key amendments

    Details on the amendments summarized by RPRA in September

    Best-efforts provision for management requirements for all Blue Box material is extended until 2027

    • For the 2026 and 2027 performance years, producers must make “best efforts” to meet their management requirements.
    • Before the amendments, producers were required to manage a certain amount of Blue Box material and meet management requirements in 2026 onwards.

    The management requirements for paper, glass, metal, rigid plastics and beverage containers are unchanged until 2032

    • The management requirement for paper, glass, metal, rigid plastics and beverage containers is unchanged.
    • Recovery percentages will increase in 2032 to:
      • 85% for paper and glass
      • 75% for metal
      • 60% for rigid plastics
      • 80% for beverage containers

    Expansion of collection in public spaces has been removed

    • Producers must maintain the collection of the existing public space bins in communities that were serviced under the legacy program.
    • Before the amendments, producers were required to expand public space bins based on population size starting in 2026.

    Energy from waste can count as a recovered resource

    • Starting in 2026, up to 15% of a producer’s management requirement can be met through energy-from-waste (EfW) processes for each material category.
    • This means that a producer can count the residue used as fuel or fuel supplement in an EfW recovery process as a recovered resource in limited circumstances for each material category.
    • Before the amendments, producers could not meet their management requirement through EfW processes.
    • Producers can rely on this provision for the 2026 performance year.

    Removal of ‘away from home’ collection of beverage containers

    • Starting in 2026, producers are responsible only for the beverage containers supplied to residential consumers.
    • This means that beverage container producers may deduct what’s collected from a business or institution where producers are not required to provide Blue Box collection services.
    • Additional guidance will be provided to producers ahead of the 2026 reporting period.

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  • City Council distributes free toys and games to local families – Milton Keynes Council

    1. City Council distributes free toys and games to local families  Milton Keynes Council
    2. Pallets of Hope campaign delivers £40,000 worth of food and gifts to local families facing hardship  allthingsbusiness.co.uk
    3. Milton Keynes community group spreads Christmas cheer with ‘Hope Hampers’  Milton Keynes Citizen
    4. Milton Keynes charity appeals for donations for Christmas hampers  MKFM
    5. Business-led charity partnership delivers £40,000 of food and essentials across Milton Keynes  Business MK

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  • Nova Sustainable Fuels Receives Approval to Produce Sustainable Aviation Fuel in Guysborough County

    Nova Sustainable Fuels Receives Approval to Produce Sustainable Aviation Fuel in Guysborough County

    Nova Sustainable Fuels has received environmental assessment approval for the first phase of a project that will see the company develop a renewable energy park in Goldboro, Guysborough County, where it will produce sustainable aviation fuel.

    The company plans to use waste biomass from Nova Scotia forestry and forest-based industries to create low-emission aviation fuel as an alternative to petroleum-based fuel.

    “Projects like this are crucial to helping to reduce global carbon emissions, while creating jobs and growing our economy,” said Timothy Halman, Minister of Environment and Climate Change. “And when we welcome projects like this, it continues to position Nova Scotia as a leader in climate change action, innovation and the global clean energy transformation.”

    The company will need a second environmental assessment approval for its second phase – a proposed wind energy and solar farm and a transmission line to supply renewable energy for fuel production.

    The company expects the project will create about 1,000 jobs during the construction phase, up to 80 jobs during its operation (expected to end in 2081) and direct and indirect economic benefits for local businesses, communities and residents.

    The project must comply with 34 stringent terms and conditions in its environmental assessment approval that are designed to protect the environment and human health. The project will also require an industrial approval and a water withdrawal approval.


    Quick Facts:

    • the company would create a new market for Nova Scotia’s oversupply of biomass from forestry activity, including wood chips and bark that are the byproduct of silviculture, harvesting and sawmilling
    • the Minister of Environment and Climate Change – the province’s environmental regulator – uses the Environment Act and is guided by science and evidence when reviewing environmental assessment requests
    • if a project is approved, the regulator typically includes terms and conditions which are designed to ensure the environment and people remain protected throughout the life of the project, while also allowing viable, safe and responsible development to take place
    • the Department’s inspection, compliance and enforcement staff ensure companies comply with the terms and conditions of their various approvals; in 2024, they conducted about 6,400 inspections to ensure companies were complying with Nova Scotia’s environmental rules and laws

    Additional Resources:

    Environmental assessment approval and project documents for the Nova Sustainable Fuels project: https://novascotia.ca/nse/ea/nova-sustainable-fuels-renewable-energy/

    More information on the environmental assessment process is available at: https://novascotia.ca/environmental-assessment-getting-started/

    Environmental Goals and Climate Change Reduction Act: https://nslegislature.ca/sites/default/files/legc/statutes/environmental%20goals%20and%20climate%20change%20reduction.pdf


    Other than cropping, Province of Nova Scotia photos are not to be altered in any way

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  • Board approves Grade 10 to 12 hybrid learning pilot expansion as families report positive outcomes

    Board approves Grade 10 to 12 hybrid learning pilot expansion as families report positive outcomes

    Surrey Schools will offer more hybrid courses for Grade 10 to 12 students next school year, following board approval to expand the district’s hybrid learning pilot. More than 3,200 students are currently enrolled in hybrid courses, with recent student surveys highlighting benefits with flexibility, learning environment, pacing and independence. (Image via iStock)

    Secondary schools across Surrey and White Rock will see more hybrid learning course offerings for Grade 10 to 12 students next school year, following board approval of an expansion to the district’s ongoing hybrid learning pilot.

    At the December public board meeting, the Surrey Board of Education approved a motion to expand Surrey Schools’ hybrid learning pilot from 1% of senior secondary courses to up to 3% for the 2026-27 school year. With the exception of career education, hybrid learning will remain optional for students, allowing flexibility in course schedules while continuing to prepare students for mixed online and in-class learning models in post-secondary education and remote workplaces.

    “As we look to next steps, we suggest that we continue to diversify the opportunities for students to access hybrid offerings in different course structures,” said Assistant Supt. Perry Smith in a progress update on the hybrid learning pilot. “That we continue to provide teachers with professional learning opportunities to deepen their work in digital software as well as work with blended learning strategy, and we explore digital tools and resources to enhance learning experiences both for teachers and for students.”

    Last December, the board directed staff to trial select, optional hybrid learning courses for Grade 10 to 12 students in the 2025-26 school year, offering one to three hybrid courses at the district’s 21 secondary schools. The district currently has 3,207 students enrolled in 38 blocks of hybrid courses, encompassing career education, business education, information technology, science, social studies, modern languages, visual arts, performing arts, and physical and health education.

    Following the pilot’s launch this past September, district staff gathered student, teacher and parent feedback through various surveys and an in-person student forum, asking them to share the benefits and challenges of hybrid learning, as well as suggestions to improve the hybrid experience for future semesters. According to student survey data, the most common benefits of hybrid learning included:

    • flexibility (mentioned by 61% of students);
    • learning environment (60%);
    • pacing of schoolwork (55%); and
    • independence (54%).

    “Students commented on an improved sense of well-being, they felt it was more of a balance where they could do work around their own schedules,” said Kristi Blakeway, Director of Instruction with the Building Professional Capacity department. “Some students shared with us that they struggle with anxiety, and hybrid learning offers an alternative to a stimulating classroom environment.

    “When we asked teachers what benefits they were seeing, they talked about the real-world skill building in students. They also mentioned the flexibility in working one-to-one with students on hybrid days and the sense of independence that they saw developing in their students.”

    In terms of challenges, some students noted the ability to work on hybrid assignments on their own time sometimes led to procrastination, distraction from competing interests or difficulties staying motivated. They also noted it was hard to receive feedback from teachers if they worked on assignments outside of school hours.

    Likewise, some teachers reported challenges with student engagement in a new delivery model and with students balancing online and classroom responsibilities, as well as learning curves with teaching and learning through technology. Their responses mentioned they would appreciate additional technical training and support, along with consistent scheduling with hybrid blocks to collaborate with other teachers.

    “The parents matched the answers of our students and teachers,” said Blakeway. “The benefits they saw were the flexibility in scheduling, the convenience of working from home, the extra amount of balance between life and schoolwork, the building of workforce skills and a reduction in anxiety.”

    For future considerations, students expressed a want for clear expectations of when to be in class or online, a preference for hybrid courses at the start or end of the day and a desire for additional check-in times with teachers.

    Smith said the district will continue to measure the effectiveness of hybrid learning through work with outside agencies such as post-secondary institutions and monitor the achievements of students in hybrid classes. He also said the district will continue to invite feedback from students, parents and teachers, with district staff to present another progress report to the board in December 2026.

    “We appreciate the way this has been approached very, very carefully and cautiously, and so far, it appears to be fairly successful,” said Trustee Bob Holmes. “It’s important for the public to know this is purely students’ choice if they want to do this. It is something we hope may help with our capacity issues but it’s also an opportunity for some students and we really want to approach it cautiously, and as years go on, we’ll be just as cautious with any further growth of it. I think this is a good step.”

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  • Minister Olszewski to announce support for local business to adapt to new trade realities and grow

    December 18, 2025 – Leduc, Alberta

    The Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan), will announce federal funding to enable an Alberta business to grow.

    Minister Olszewski will be joined by Jesse Klimack, President of Core Design Ltd. Speakers will be available for questions from the media following remarks.

        Date:
        Friday, December 19, 2025

        Time:
        9:00 a.m. MT

        Location:
        Core Design Ltd.
        3908 71 Ave
        Leduc, Alberta
        (Map)

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