Author: Jennifer Weiss (Page 2 of 3)

SOG Environmental Finance Ctr

Neutral is the New Green: Financing Carbon Offsets at Duke University

Carbon NeutralIf you’ve been on a college campus lately (or received your annual alumni donation request letter), you know that colleges and universities are increasingly focused on “green” initiatives that improve sustainability and reduce campus-wide energy use. While the EPA’s proposed 111(d) standards will make reducing carbon emissions a household phrase, many colleges have been working towards reducing carbon emissions on campus for years.

More than 675 colleges nationwide have become signatories of the American College & University Presidents Climate Commitment, a network of college and university presidents and chancellors dedicated to promoting sustainability efforts on college campuses.  Today, 22 colleges and universities in North Carolina are part of the commitment including UNC-Chapel Hill, Duke University and NC State.  Many of these colleges have established a goal of becoming carbon neutral and are taking actions to reduce carbon dioxide emissions in order to achieve a zero carbon footprint.  Since no college campus has found a way to reduce the use of fossil fuels on-site by 100 percent, becoming climate neutral on campus must be accomplished through the purchase of carbon offsets – investments in off-campus carbon reduction initiatives.  Continue reading

Come Together: Breaking Through Energy Efficiency Financing Barriers

SEEFN_WordleIf you ask the average home or business owner about energy efficiency improvements, she will most likely say something about turning off lights or replacing an older appliance.  She might even discuss a recent energy audit or the installation of programmable thermostats.  But few property owners will be able to detail the deep energy efficiency retrofits that are needed or planned for their building.  And even fewer will be able to tell you how to finance the cost.

An understanding of the depth and value of possible energy efficiency measures and how to finance them are two of the largest barriers facing the energy efficiency industry today – particularly in the Southeast, where high utility bills disproportionally impact low- and moderate-income families.  Something must be done to bring the energy efficiency industry together to educate, share best practices and pilot innovative ideas to maximize the impact of energy efficiency investment in the Southeast.  That something is the Southeast Energy Efficiency Finance Network.

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Big City, Bright Lights, Energy Efficient Buildings

Empire State BuildingLast week, my family and I traveled to New York City. There are hundreds of things to do and see in the city that never sleeps. While we may not have seen or done them all, we did see some fantastic and spectacular sights.  When asked what they thought of the city itself, my daughters responded using various adjectives including “big,” “bright,” and – my favorite – “lots of windows.”  Without realizing it, they had hit on a very important characteristic of the city.  With over 350 million square feet of office space and over 43 percent of buildings built before 1945, commercial space in New York City uses a lot of energy.  It is big, it is bright and it does indeed have a lot of very old (and most likely drafty) windows.  In other words, it is full of energy efficiency retrofit opportunities.
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Financing Sustainable Energy 101: A Tool-Kit for Small Colleges and Universities

Image courtesy of the Jessie Ball duPont Fund

Image courtesy of the Jessie Ball duPont Fund

Jen Weiss is Senior Finance Analyst at the Environmental Finance Center.

Sustainability on college campuses is on the rise.  More than 675 colleges nationwide have become signatories of the American College & University Presidents Climate Commitment, a network of college and university presidents and chancellors dedicated to promoting sustainability efforts on college campuses.  Today, 22 colleges and universities in North Carolina – including UNC-Chapel Hill, Duke University and NC State – are part of the commitment.  But it’s not just the large universities that are focused on sustainability.  Increasingly, small liberal arts colleges are becoming leaders in sustainability and are searching for innovative ways to invest in energy conservation, energy efficiency and renewable energy projects on campus. Continue reading

Why Measurement Matters

Measuring Energy SavingsWe live in a fast paced world.  We are driven to implement projects quickly – on time and under budget.   On a daily basis, we are faced with decisions regarding which projects to implement and we carefully analyze the project’s cost, the estimated return (or cost savings), the payback period and the overall return on investment.   But one of the most important elements of a project is not its cost or its estimated return.  At the end of the day, one of the most important aspects of a project is the measurement of the project’s actual performance.

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