What if colleges could grow their endowment money by making their campuses more environmentally friendly? Introducing the Billion Dollar Green Challenge.
The challenge invites colleges, universities, and other nonprofits to invest a total of $1 billion in self-managed green revolving funds to finance energy efficiency upgrades. BDGC is inspired by the exceptional performance of existing green revolving funds, which have a median annual return on investment of 32%, as documented by Greening The Bottom Line (www.GreeningTheBottomLine.org), a report published by the Sustainable Endowments Institute.
A bright spot in a rocky economy, these profitable investments are helping create green jobs in campus communities, while lowering operating costs on college and university campuses.
This week, the Billion Dollar Green Challenge was featured on David Brancaccio’s Marketplace Morning Report on NPR. Listen to the interview here: http://www.marketplace.org/topics/sustainability/how-grown-green-energy-along-endowments
Forty-six institutions have already joined The Challenge and committed to invest a cumulative total of more than $75 million in green revolving funds. These include the University of Vermont, Harvard, Arizona State University, Caltech, Dartmouth, George Washington, Middlebury, the University of British Columbia, and Weber State University.
For more information, click here: http://greenbillion.org/