FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W803320263> ?p ?o ?g. }

• W803320263 startingPage "6" @default.
• W803320263 abstract "AS ENERGY COSTS CONTINUE TO RISE, a seemingly small efficiency project can save tens of thousands of dollars a year. In the face of limited operating budgets, schools are beginning to cash in on these upgrades. With lower utility costs, colleges and universities can devote more capital toward improving infrastructure while hedging against rising tuition costs. Volatile energy prices are not the only reason that schools are taking action, however. Increasing concern over carbon footprints and growing interest in sustainability among campus communities have popularized energy efficiency projects in higher education. Despite a growing affinity for energy efficiency projects, administrators have struggled to finance them. Sustainability projects require significant up-front capital, which is often difficult to procure in a campus environment. Green revolving funds (GRFs) are internal financing mechanisms that issue loans to support clean technology and other sustainability projects that generate monetary savings. The savings from these projects, determined by measuring or estimating the difference in utility bills pre and post project implementation, are then used to replenish the fund, ultimately creating a perpetual financing mechanism that allows energy efficiency to remain an institutional priority. There are three primary reasons why GRFs are a simple and savvy way to finance energy efficiency at colleges and universities: 1. While funding projects through energy service companies, bonds, and power purchase agreements require schools to pay back outside entities over multiple years, GRFs return 100 percent of the financial savings to the institution after project implementation. Those savings are initially allocated to the GRF; however, after the project cost is repaid, they can be allocated to another account at the institution. 2. Unlike an annual allotment for energy efficiency, a GRF requires only a one-time infusion of capital and then relies on its own finances. GRFs ensure that energy efficiency projects receive perpetual funding, even if there are institutional budget cuts. 3. GRFs require you to quantify your savings in their very nature. There are many forms of measurement and verification. Some are based on actual energy data while others are based on estimates. Tracking energy savings helps institutions make the case that (a) energy efficiency is a great financial investment and (b) monetary reallocations from the energy budgets are merited. The GRF model is currently active on 76 campuses, and schools have begun to adopt these funds exponentially. The Greening the Bottom Line 2012 (GBL) report (1), a survey of GRF trends in the higher education sector, found that 36 new funds were established between 2011 and 2012 and that $111 million in capital has been collectively committed among established GRFs. Further, GRFs have a median return on investment of 28 percent. It is important to note that GRFs are not prevalent in just one type of institution; both large public universities and small private colleges with various endowment levels have implemented funds. No matter what type of institution you have, chances are that you can find a peer institution with a GRF. As can be seen by the recent and sudden growth in GRF adoption, the concept is still very new. By establishing a GRF now, your institution has the chance to be at the forefront of this growing trend in energy efficiency financing and higher education sustainability. Further, GRFs enable institutions to maintain sufficient funding for carbon reduction projects, which makes reaching larger goals, such as emissions reductions found in climate action plans, more easily achievable. GRFs often do not find new capital within an institution to finance energy efficiency. Instead, they adjust the financing framework, enabling an institution to streamline its funding process, seize new fund-raising opportunities, and instill sustainability and energy efficiency into its culture. …" @default.
• W803320263 created "2016-06-24" @default.
• W803320263 creator A5053777466 @default.
• W803320263 creator A5072705386 @default.
• W803320263 date "2013-10-01" @default.
• W803320263 modified "2023-09-27" @default.
• W803320263 title "Leading the Way in Sustainability through Hassle-Free Green Revolving Funds: Green Revolving Funds Ensure That Energy Efficiency Projects Receive Perpetual Funding, Even If There Are Institutional Budget Cuts" @default.
• W803320263 hasPublicationYear "2013" @default.
• W803320263 type Work @default.
• W803320263 sameAs 803320263 @default.
• W803320263 citedByCount "0" @default.
• W803320263 crossrefType "journal-article" @default.
• W803320263 hasAuthorship W803320263A5053777466 @default.
• W803320263 hasAuthorship W803320263A5072705386 @default.
• W803320263 hasConcept C10138342 @default.
• W803320263 hasConcept C119599485 @default.
• W803320263 hasConcept C127413603 @default.
• W803320263 hasConcept C144133560 @default.
• W803320263 hasConcept C162324750 @default.
• W803320263 hasConcept C17744445 @default.
• W803320263 hasConcept C18903297 @default.
• W803320263 hasConcept C199539241 @default.
• W803320263 hasConcept C206757995 @default.
• W803320263 hasConcept C2742236 @default.
• W803320263 hasConcept C2780520809 @default.
• W803320263 hasConcept C39389867 @default.
• W803320263 hasConcept C58048580 @default.
• W803320263 hasConcept C66204764 @default.
• W803320263 hasConcept C86803240 @default.
• W803320263 hasConceptScore W803320263C10138342 @default.
• W803320263 hasConceptScore W803320263C119599485 @default.
• W803320263 hasConceptScore W803320263C127413603 @default.
• W803320263 hasConceptScore W803320263C144133560 @default.
• W803320263 hasConceptScore W803320263C162324750 @default.
• W803320263 hasConceptScore W803320263C17744445 @default.
• W803320263 hasConceptScore W803320263C18903297 @default.
• W803320263 hasConceptScore W803320263C199539241 @default.
• W803320263 hasConceptScore W803320263C206757995 @default.
• W803320263 hasConceptScore W803320263C2742236 @default.
• W803320263 hasConceptScore W803320263C2780520809 @default.
• W803320263 hasConceptScore W803320263C39389867 @default.
• W803320263 hasConceptScore W803320263C58048580 @default.
• W803320263 hasConceptScore W803320263C66204764 @default.
• W803320263 hasConceptScore W803320263C86803240 @default.
• W803320263 hasIssue "1" @default.
• W803320263 hasLocation W8033202631 @default.
• W803320263 hasOpenAccess W803320263 @default.
• W803320263 hasPrimaryLocation W8033202631 @default.
• W803320263 hasRelatedWork W127755680 @default.
• W803320263 hasRelatedWork W2131117490 @default.
• W803320263 hasRelatedWork W2186090251 @default.
• W803320263 hasRelatedWork W2243252591 @default.
• W803320263 hasRelatedWork W2257347842 @default.
• W803320263 hasRelatedWork W2519991385 @default.
• W803320263 hasRelatedWork W2701899806 @default.
• W803320263 hasRelatedWork W2939028900 @default.
• W803320263 hasRelatedWork W2972916047 @default.
• W803320263 hasRelatedWork W3002011799 @default.
• W803320263 hasRelatedWork W3004813931 @default.
• W803320263 hasRelatedWork W3045951935 @default.
• W803320263 hasRelatedWork W3123408298 @default.
• W803320263 hasRelatedWork W3147801537 @default.
• W803320263 hasRelatedWork W3154114507 @default.
• W803320263 hasRelatedWork W3168621112 @default.
• W803320263 hasRelatedWork W588915860 @default.
• W803320263 hasRelatedWork W64720912 @default.
• W803320263 hasRelatedWork W2357927836 @default.
• W803320263 hasRelatedWork W3147593549 @default.
• W803320263 hasVolume "42" @default.
• W803320263 isParatext "false" @default.
• W803320263 isRetracted "false" @default.
• W803320263 magId "803320263" @default.
• W803320263 workType "article" @default.