Wednesday, August 6, 2014

How to grow green energy along with endowments

Maybe this is the pitch MTSU President McPhee needs to hear, to be persuaded to sign the (college & university) Presidents' Climate Commitment pledge.

How about if colleges and universities could grow, rather than subtract, from their endowment money by making their campuses more environmentally friendly? 

Mark Orlowski is founder and executive director of the Sustainable Endowments Institute. He has an online system to help schools track ways that they can get financial returns, not just through stock and bond markets, but through energy efficiency.

His project, the Billion Dollar Green Challenge, and online platform (GRITS) help universities take their operating cash or endowment, upgrade the energy efficiency of campus buildings, and get a bigger return in savings than the stock market would earn them.

The Green Revolving Investment Tracking System (GRITS 1.0) is designed to manage every aspect of an institution's green revolving fund (GRF), including aggregate and project-specific financial, energy, and carbon data. It also helps track and manage projects, as well as reports on environmental benefits and financial return.
How to grow green energy along with endowments | Marketplace.org

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