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Campus FinancingStrategiesfor Carbon Reduction

Tom BalfPrograms Director

C2E2

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The C2E2

Campus Consortium for

Environmental Excellence

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A costly proposition

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Have We Begun theConversation?

Started the Analysis?

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Our Research Method

Looked at Climate Action Plans, or equivalent

C2E2 members

Presidents Climate Commitment signatories

Green leaders Sierra cool campus, SEI Sample of 16 CAPs reviewed to identify

financing mechanisms

Survey asking schools specifically about

financing considerations

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CAP Review

The majority of schools have yet tosubmit CAPs

Of available CAPs, many contain littleor no information regarding financingoptions

Of schools that do discuss specific

financing options, financial discussiontends to be abstract with limited actualnumbers presented

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CAP Review

Revolving Loan Funds are prominent Other popular tools

tax-exempt bonds

green student fees power purchase agreements with utility

companies

sale of RECs created by on-site renewable

energy projects. Innovative ideas (e.g., intra campus cap

and trade, willing technology pilot)

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Survey

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1. Is your institution developing longterm carbon reduction strategies?

2. Is your institution consideringspecific financing strategies?

3. Which of the following options haveyou considered?

4. Have you estimated carbon costs?

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Nearly Everyone DevelopingClimate Action Plans

Fewer are Looking at Financing

88% of respondents developing climate

action or energy master plans (n = 18)

59% considering specific strategies for

financing carbon reduction projects,initiatives or technologies

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Capitalizing SustainabilityCurrently

UsedLikely to be

Used inFuture

No Plansto Use

NotConsidere

d

Green Student Fees 13% 13 63 25

Revolving Loan Fund 43 14 43 0%

Grants/direct financialsupport 71 14 14 0%

Tax-exempt Bonds 33 0 33% 33%

Leasing arrangements 17 33 50 0%

Institutional Assets Revenue Sources

29 29 57 0%

PerformanceContracts

0% 40 60 0%

PPA 50 33 0% 17

Energy Hedges 33 17 17 3310/27/2009 11NECSC Conference 2009

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Final Slide

The conversation is happening

Use of revolving loan funds is already underway,but ultimate success of such programs requiresinitial capital

Interest in using other peoples money forprojects/technologies on campus

We will find the money when we have to

Thanks to Jake Elder, Trinity College 09

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