Driving down emissions through continuous investments.
Temple University established a Green Revolving Fund in 2019 to support investment in efficiency projects. While Temple has a history of investing in projects to reduce ongoing operational costs and help achieve the institutions' climate goals, the establishment of the Green Revolving Fund has allowed Temple to invest in projects that might not have otherwise been funded.
What is a Green Revolving Fund?
A Green Revolving Fund (GRF) is an internal fund that supports sustainability projects that can generate cost savings. The fund is replenished with the savings from the projects, rebates, grants, and donations. This allows Temple to continue funding similar projects in the future.
What projects have been funded and what is the impact?
A full list of projects with their financial and environmental impact can be found in the table below.
Project | Status | Completed Date | Cost / Payback (Years) | Annual Emissions Savings / Energy Savings |
|---|---|---|---|---|
Annenberg Mechanical Room (Lighting Retrofit) | Completed | March 2024 | $1,012.00 / 2.6 Years | 3 MTCO2e / 19 MMBTU |
Montgomery Garage (Lighting Retrofit) | Completed | August 2024 | $108,000 / 7.2 Years | 133 MTCO2e / 734 MMBTU |
Klein Lecture Hall (Lighting Retrofit) | Completed | August 2024 | $48,963 / 20 Years | 18 MTCO2e / 107 MMBTU |
Carlisle Chiller Plant Optimization (Control Systems) | In-Progress | N/A | $1,250,000 / 9.0 Years | 1,347 MTCO2e / 7,425 MMBTU |