The Billion Dollar Green Challenge is designed to support new energy efficiency financing. The goal is to encourage colleges, universities and other nonprofits to invest a total of $1 billion in self-managed “green revolving funds.” This funding will be used to finance energy efficiency upgrades they are also intended to be a great investment. According to Greening The Bottom Line the median annual return on investment is 32 percent (a portion of the returns from these projects are reinvested in the fund and used for future green projects).
There are currently 32 universities involved in the project. Financial support for the project includes the EPA’s Green Power Partnership, the David Rockefeller Fund and the John Merck Fund.
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