| Title |
One Billion Dollar University Endowment Fund Launched
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| Author |
TBalf
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| Source |
Environmental Leader
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| Publication Date |
10/13/2011
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| Short Description |
Thirty two universities have committed $65 million to new energy efficiency financing initiative Billion Dollar Green Challenge.
The fund aims to get colleges, universities and other nonprofits to invest a total of $1 billion in self-managed “green revolving funds.” Such funds are used to finance energy efficiency upgrades that offer a quantifiable monetary saving or return. A portion of the returns from these projects are then reinvested in the fund and used for future green projects.
Such funds have a median annual return on investment of 32 percent, according to Greening The Bottom Line, a report published by the Sustainable Endowments Institute, one of the 16 partners coordinating the Challenge.
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| Body Text |
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| Topic Areas |
Energy; Emerging Technology
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| Regulation Type |
Federal
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| Federal Act |
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| Campus Area |
Labs; Medical Areas; Power Plant
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