Carney pledges C$2B to retrofit 1 million Canadian homes

This is a demand-side energy story before it is a crypto or RWA one, but it carries the sector's signature: a government underwriting a distributed, household-level asset base. The retrofit subsidy, and the heat-pump incentive in particular, points to a familiar financing gap — upfront capital against slow, spread-out returns — which is precisely the terrain tokenized or pooled capital structures have tried to occupy. Whether any of that C$2B reaches households through conventional grant channels or through newer financing rails is the open question worth watching.