The Billion Dollar Green Challenge is a project of the Sustainable Endowments Institute, working in collaboration with 16 partner organizations, that encourages colleges and universities — and more recently hospitals — to invest in green revolving loan funds. The goal is to secure combined commitments of $1 billion from participating institutions to be used for energy efficiency projects that reduce energy consumption and reinvest any money saved in future projects. Increasing energy efficiency on college and university campuses not only reduces greenhouse gas emissions, but also often results in savings for the institutions in the form of reduced operating expenses. Started in 2011, 39 institutions have committed $72 million to date.
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