18 Oct '11, 3pm

Universities Commit to Billion-Dollar Energy Efficiency Investments

Universities Commit to Billion-Dollar Energy Efficiency Investments

The Billion Dollar Green Challenge may have been launched just this week, but already 32 universities, Harvard and Stanford among them, have committed $65 million to investments that finance energy efficiency upgrades. Launched by the Sustainable Endowments Institute (SEI) and 15 partner organizations, the Green Challenge encourages colleges, universities, and other nonprofit institutions to invest a total of $1 billion in revolving funds to reduce energy consumption and lower operating costs on campuses. Savings achieved in utilities budgets by the revolving fund will be reinvested to support future green projects. Existing green revolving funds have been a bright spot in a mostly dismal economy, enjoying returns on investment of 32 percent, according to an SEI study published last year. "We're transforming energy efficiency upgrades from perceived expenses to high-return...

Full article: http://www.greenbiz.com/news/2011/10/18/universities-comm...

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