Green Revolving Fund Established
In 2015, the College established a Green Revolving Fund (GRF) to provide funding to implement energy conservation, renewable energy and other sustainability projects that reduce resource use and generate cost savings. The Green Revolving Fund takes funds generated through reducing expenditures to invest in sustainability measures. The GRF was started with the savings generated by the projects funded through the Mass College Green Initiative. The savings of funded projects are tracked and will be used to replenish the fund.
The GRF is an ideal mechanism to systematically invest in efficiency opportunities. The Board of Trustees has approved increasing the GRF significantly and has voted to invest an additional $100,000 in the fund in July 2017. This, coupled with other funding allocated, will make approximately $150,000 available in the coming year for green initiatives on campus.