Monday, November 5, 2012

Carolina Green Revolving Funds Referenced in National Report

The Sustainable Endowments Institute recently released the 2012 edition of “Greening the Bottom Line,” documenting the rapid growth of green revolving funds (GRFs) on college and university campuses. GRFs are a financing mechanism that puts dollars to work over and over again. Investments to reduce energy and resource use decrease operating costs and environmental impact. After paying back the avoided costs, GRF monies are put to use on another project. Carolina is profiled in the report for a 20% return on investment related to the Renewable Energy Special Projects Committee GRF, financed by a self-assessed student fee, and the Green Revolving Fund, financed by the general operating budget. Learn more »