Williams College is piloting an innovative approach to investing in local carbon reduction projects through a partnership with CET. The Community Climate Fund is a portfolio of projects sourced and implemented by CET that yield measurable carbon reduction, significant social and financial benefits in the local community, and curricular and research opportunities for students and faculty.
“We’re excited to leverage our expertise and programs to bring local, tangible carbon reduction projects to colleges and universities that help meet their sustainability goals and engage students and faculty in real-world projects in their community,” said John Majercak, CET President.
For the 2020-2021 academic year, Williams College will be investing in the following projects:
- Revolving Loan Fund for On-Farm Energy Efficiency and Renewable Energy Projects. CET has found that a significant number of high impact projects get stymied because farms lack the upfront capital. The revolving loan fund will provide the bridge capital that farms need, and will be repaid upon receipt of incentives.
- Roadblock Removal for Weatherizing Small Businesses. CET currently has support from the MA Department of Energy Resources to bring innovative approaches to small business weatherization programs. The proposed roadblock removal investment from the CCF would complement this effort by funding measures such as removal of knob-and-tube wiring and asbestos, for which there are no incentives.
- Installation of Wifi Thermostats in Low- to Medium-Income Communities. Peak load shaving is an emerging demand-side management tool for stabilizing the costs of energy generation and reducing reliance on dirty back-up power systems. Wifi thermostats yield immediate carbon reductions for households and will unlock significant system-wide carbon emissions reductions through peak load shaving.
- Building Material Recovery. EcoBuilding Bargains relies on donations of building materials from individuals and contractors, and donations are limited by the ability to pick up materials in a timely fashion. CCF funding supported the collection and transport of building materials in Year 1 that, in turn, yielded significant carbon reduction, and will be renewing that investment in Year 2.
If your business or institution is interested in investing in local carbon reduction projects with significant social co-benefits, contact us to learn more about the Community Climate Fund.