The City of Melbourne and the State Government aim to retrofit over two-thirds of Melbourne’s commercial buildings, the largest transformation the city has seen in 160 years.

The 1,200 Buildings program will include 16 corporates, including the City of Melbourne, managing 30 buildings, have signed up to the program — each committing to reduce their greenhouse gas emissions by 38 per cent.

The Victorian State Government is collaborating with the City of Melbourne to investigate a viable financial mechanism which will give building owners access to low cost finance for retrofits as part of the program.

The program is the first of its kind in Australia and will create 800 new green jobs.