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8/14/2019 Campus Financing Strategies for Carbon Reduction
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Campus FinancingStrategiesfor Carbon Reduction
Tom BalfPrograms Director
C2E2
8/14/2019 Campus Financing Strategies for Carbon Reduction
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The C2E2
Campus Consortium for
Environmental Excellence
10/27/2009 2NECSC Conference 2009
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10/27/2009 3NECSC Conference 2009
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A costly proposition
10/27/2009 4NECSC Conference 2009
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Have We Begun theConversation?
Started the Analysis?
10/27/2009 5NECSC Conference 2009
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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
10/27/2009 6NECSC Conference 2009
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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
10/27/2009 7NECSC Conference 2009
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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)
10/27/2009 8NECSC Conference 2009
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Survey
10/27/2009 9
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?
NECSC Conference 2009
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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
10/27/2009 10NECSC Conference 2009
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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
10/27/2009 12NECSC Conference 2009