by Jackson Cooney
A small organization called the Sustainable Endowments Institute (S.E.I) provides colleges and universities with help on the retrofitting issue. They set up “Green Revolution Funds”, to encourage universities to save capital to invest in green projects. They also provide a software that enables institutions to track savings from these projects. The S.E.I has brought together $110 million to the G.R.F that can be used for green projects. Dension University and the University of New Hampshire are active partners in the S.I.E’s billion-dollar Green Challenge, an initiative introduced in 2011 to build momentum for the G.R.F. The University of New Hampshire started with $600,000 in the fund and now has $1.3 million. As this example shows, investing in the G.R.F and using the money for energy efficiency can have significant effects on savings. Investing in energy efficiency is not only monetarily beneficial but will also lead to healthier environmental conditions.
The problem of emission of green house gases and climate change can be solved through investing in energy efficiency. There are few risks in doing this, and an opportunity for tremendous returns. According to a 2012 study, modifying buildings to be energy efficient in the U.S. could save $1 trillion over 10 years, reduce greenhouse gas emissions by 10%, and increase American employment. People still seem wary, however. These facts seems to good to be true so people become skeptical, and the initial costs of increasing energy efficiency can be daunting, especially when budgets are being cut. However, with organizations like S.E.I., greenhouse gas emissions and climate change could be solved.
Bornstein, David. “Investing in Energy Efficiency Pays Off.” Opinionator Investing in Energy Efficiency Pays Off Comments. New York Times, 06 Feb. 2015. Web. 08 Feb. 2015.