AASHE Releases Guide On Funding Campus Sustainability Projects
AASHE has released a new guide, Creating a Campus Sustainability Revolving Loan Fund: A Guide for Students (PDF), which explains thatÂ a revolving loan fund helps overcome the high initial cost of many sustainability projectsÂ by providing zero or low interest loans to fund money-saving sustainability projects.
A portion of the savings generated from these projects is then reinvested into the fund until the loan has been paid off. The guide provides step-by-step directions for establishing such a fund.
The authors, both sophomores at Macalester, led the effort to create the College’s Clean Energy Revolving Fund (CERF). CERF is distinct from most other campus sustainability revolving loan funds in that students sit on the board that administers the fund and evaluate project proposals.
The guide provides several examples of how institutions have used revolving loan funds to fund sustainability projects. Most notably, Harvard’s Green Campus Loan Fund has invested almost $9 million in over 160 projects and achieved an average return on investment of over 30 percent.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Con Edison Development Procures GE Energy Storage System
- Courthouse Replaces Oversized Boiler
- Indoor Farming Company Works on HVAC with PUE 1.0
- Toolkits Designed to Help Health Care Facilities Reduce Energy
- San Antonio Macyâ€™s Store Showcases Better Buildings Challenge Measures
- Natural Gas Gensets to Reach 27 GW of Installed Capacity by 2024
- Larson Releases a Solar Powered Generator with Manual Crank Mast
- Energy Efficiency in Food Service Businesses