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RESNET - Canadian Residential Energy Services Network Partnership

On July 7. 2007, RESNET entered into a Memorandum of Agreement with the Canadian Residential Energy Services Network (CRESNET). The purpose of the agreement is to harmonize the methodology on how buildings are rated for their energy performance in North America. The goal of the partnership is to create a consistency that will lead to the monetization of the savings from a high performance home as part of an international carbon emissions cap and trade market.

The elements of the agreement are:

• CRESNET becomes a formal international affiliate with RESNET
• Adoption of a common HERS Index methodology where a "0" represents a net zero energy home and where "100" represents the standard Canadian new home, including all home energy uses.
• Adoption of common rater certification, quality assurance, code of ethics and standards of practice procedures.
• Adoption of common methods of calculating carbon emission savings from energy efficiency improvements.
• Work together to aggregate carbon emissions reduced through increased building performance for the greenhouse gases emission trading market.

The agreement was signed at a ceremony in conjunction with the World Green Building International Congress held in Toronto.

For more information on the Canadian Residential Energy Services Network click on www.cresnet.ca.