Harvard University: Green Loan Fund. Green Revolving Funds in Action: Case Study Series

Autor/in	Foley, Robert
Institution	Sustainable Endowments Institute
Titel	Harvard University: Green Loan Fund. Green Revolving Funds in Action: Case Study Series
Quelle	(2011), (12 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Educational Finance; Program Effectiveness; Sanitation; Energy Conservation; Investment; Case Studies; Sustainability; Financial Support; Colleges; Operating Expenses; Campuses; Costs; Budgets; Energy Management; Massachusetts + Suchen Sie Ihr Suchwort? Bildungsfonds; Betriebshygiene; Energieerhaltung; Energiespeicherung; Investments; Geldanlage; Investiton; Case study; Fallstudie; Case Study; Nachhaltigkeit; Finanzielle Förderung; College; Hochschule; Fachhochschule; Betriebskosten; Cost; Kosten; Finanzhaushalt; Energiehaushalt; Master-Studiengang
Abstract	The Green Loan Fund at Harvard University has been an active source of capital for energy efficiency and waste reduction projects for almost a decade. This case study examines the revolving fund's history from its inception as a pilot project in the 1990s to its regeneration in the early 2000s to its current operations today. The green revolving fund has been a successful self-replenishing tool for encouraging Harvard's schools and units to invest in projects that generate cost savings and reduce their environmental impacts. Originally funded by the President's Office at $1.5 million, the now $12 million revolving loan fund provides capital to Harvard for high performance campus design, operations, and maintenance projects. The fund's low-interest loans have successfully financed projects which save the university electricity, natural gas, water, waste disposal fees, along with other operating costs. Challenges faced by the fund's administrators have included promoting the fund across a decentralized campus, soliciting project proposals, and ensuring that projects are successfully implemented and documented. Despite these challenges, the fund has experienced average annual returns of 30 percent, saved the university $4.8 million dollars annually, and reduced Harvard's environmental footprint. Table of Performance is appended. (Contains 27 endnotes.) [Additional funding for this paper was provided by the David Rockefeller Fund, HOK, John Merck Fund, Merck Family Fund, Roy A. Hunt Foundation, U.S. EPA Green Power Partnership and Wallace Global Fund.] (ERIC).
Anmerkungen	Sustainable Endowments Institute. 45 Mount Auburn Street, Cambridge, MA 02138. Tel: 617-528-0010; e-mail: info@endowmentinstitute.org; Web site: http://www.greenbillion.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10