MassDevelopment Encourages Green Growth in Higher Education

MassDevelopment, a New England Council member, recently announced the creation of “Mass College Green.” This pilot program will use $2 million to finance, facilitate, and accelerate the growth of energy efficiency measures in independent colleges throughout the Commonwealth. Colleges and universities must be independent of the public system and belong to AICUM, the Association of Independent Colleges and Universities in Massachusetts.

The program creates many benefits for the colleges and universities that are selected and choose to participate. The goal of increasing energy efficiency leads to a reduction in energy use, utility costs, and greenhouse gas emissions. Additionally, the program appeals to students by embracing the green movement that is prevalent on many campuses. The program only charges for delivered energy efficiency guaranteeing that the school will not be charged if the project underperforms.

“We are excited about the opportunity to drive improvements in energy infrastructure at Massachusetts colleges and universities through Mass College Green. This pilot program will demonstrate how innovative financing efforts focused on energy efficiency can provide immediate and long-term benefits to colleges and universities throughout the Commonwealth. The savings generated from these initial projects will kick-start deeper energy efficiency investment and allow the campuses to achieve even greater reductions in utility costs,” says MassDevelopment President and Chief Executive Officer Marty Jones.

The opportunity to improve energy efficiency and lower energy costs is open to any entity belonging to AICUM, which includes twenty NEC members throughout the Commonwealth. Colleges and universities will reap many dividends by investing in decreasing their carbon footprint through increasing the energy efficiency of their campuses. The New England Council congratulates MassDevelopment for launching its Mass College Green program and wishes them luck in increasing energy efficiency in Massachusetts.

 

Read more at Boston.com or in MassDevelopment’s press release.

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