Friday, November 9, 2007

Money Available

The longer we wait to accept the future the farther behind we will be. The following was just announced. $5 Billion for exactly the types of upgrades and improvements that would help EMU become a part of the future, so we too can offer our students a place in the new paradigm. All we need to do is sign the American College and University Presidents Climate Commitment (ACUPCC).

$5 Billion in Financing Made Available for Campus Retrofits

Former President Bill Clinton recently announced a new partnership between the Clinton Climate Initiative (CCI) and signatories of the American College and University Presidents Climate Commitment (ACUPCC). This partnership seeks to enable colleges and universities to reduce greenhouse gas emissions, lower their energy bills, and upgrade campus facilities without dipping into their capital budgets or increasing monthly operating expenses. Specifically, the partnership gives signatories of the ACUPCC access to funding mechanisms, technical assistance, and discounts on products from companies who have signed Memoranda of Understanding with the CCI. The CCI has secured commitments from 5 global financial institutions to each offer $1 billion of financing for energy efficiency retrofit projects, from eight leading energy services companies to perform building retrofits and guarantee the energy savings, and more than twenty five manufacturers of energy efficient products who will offer discounts of up to 70 percent to project partners. Eleven ACUPCC signatories also announced the launch of pilot projects with the CCI that will serve as models for other colleges and universities.

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