14 Oct '11, 5pm

$1 Billion University Green Challenge Launches

Harvard, Stanford, and other leading universities are the first to commit $65 million to to finance serious upgrades in energy efficiency. The $1 Billion Green Challenge, launched this week, challenges universities and other nonprofits to invest that amount in a revolving fund that finances energy efficiency upgrades on campuses. The Challenge is inspired by the exceptional performance of existing green revolving funds, which have a median annual return on investment of 32%, as documented by Greening The Bottom Line , a report published by the Sustainable Endowments Institute. A bright spot in a rocky economy, these profitable investments are helping create green jobs in campus communities, while lowering operating costs on college and university campuses. "We're transforming energy efficiency upgrades from perceived expenses to high-return investment opportunities," says ...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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