Billion Dollar Challenge Seeks to Boost Colleges’ Green Investments
At a time when many colleges are struggling with budget cuts and rising energy costs, return-oriented green revolving funds are growing in popularity partly for their potential in financing energy efficiency upgrades.
The Billion Dollar Green Challenge, a higher education initiative to help create green jobs and lower campus operating costs, aims to encourage that trend.
The challenge, launched under the coordination of the Sustainable Endowments Institute with support from the National Wildlife Federation’s Campus Ecology program and other organizations, invites colleges, universities and nonprofits to invest a combined total of 1 billion dollars in such funds, which have a median annual return on investment of 32 percent according to "Greening The Bottom Line," a report published by the Sustainable Endowments Institute.
“We are proud of campuses for taking the next step in sustainability leadership and of the Sustainable Endowments Institute and fellow partner organizations for helping them do this,” said Julian Keniry, senior director of Campus and Community Leadership at National Wildlife Federation (NWF). “Green revolving loan funds provide an important incentive for achieving carbon pollution reduction goals on campuses and can yield an exceptional return on investment.”
The report found that annual returns for green revolving funds may reach more than 47 percent, as in the case of Western Michigan University, and that schools need not be unusually wealthy to join in—about 35 percent of green revolving funds are $100,000 or less, and more than one-third of participating colleges and universities have endowment assets of less than $250 million.
In advance of the launch, 32 institutions have already joined the challenge’s founding circle by committing to invest a cumulative total of more than $65 million in green revolving funds. Schools in that group include Harvard, Stanford, Caltech, Dartmouth, George Washington University and Arizona State University.
The Billion Dollar Green Challenge provides an opportunity for schools to advance the goals that the majority of institutions of higher education have already embraced, greening their physical infrastructure and student educational experience. In a similar vein, NWF has organized national green campus competitions for more than six years and, with partners, Lucid Design and the U.S. Green Building Council, recently announced the launch of Campus Conservation Nationals 2012, a nationwide electricity and water use reduction competition among colleges and universities.
To learn more about the program, click here.
For more information, click here.
By Robert J. Orth, Jonathan Lefcheck and Karen McGlathery
A century ago Virginia's coastal lagoons were a natural paradise. Fishing boats bobbed on the waves as geese flocked overhead. Beneath the surface, miles of seagrass gently swayed in the surf, making the seabed look like a vast underwater prairie.
Why Didn’t Seagrasses Recover Naturally?<p>Development, nutrient runoff and other human impacts have damaged marshes, mangroves, coral reefs and seagrasses in many bays and estuaries worldwide. Loss or shrinkage of these key habitats has reduced commercial fisheries, increased erosion, made coastlines more vulnerable to floods and storms and harmed many types of aquatic life. Rapid climate change has compounded these effects through <a href="https://theconversation.com/ocean-warming-has-fisheries-on-the-move-helping-some-but-hurting-more-116248" target="_blank">rising global temperatures</a>, more <a href="https://theconversation.com/more-frequent-and-intense-tropical-storms-mean-less-recovery-time-for-the-worlds-coastlines-123335" target="_blank">frequent and severe storms</a> and <a href="https://theconversation.com/as-climate-change-alters-the-oceans-what-will-happen-to-dungeness-crabs-61501" target="_blank">ocean acidification</a>.</p><p>In the late 1990s, local residents told two of us who are longtime students of seagrasses (Robert "JJ" Orth and Karen McGlathery) that they had spotted small patches of eelgrass in shallow waters off Virginia's eastern shore. For years the conventional view had been that seagrasses in this area had not recovered from the events of the 1930s because human activities had <a href="https://doi.org/10.1016/j.aquabot.2005.07.007" target="_blank">made the area inhospitable for them</a>.</p><p>But studies showed that water quality in these coastal bays was <a href="https://doi.org/10.1007/BF02782971" target="_blank" rel="noopener noreferrer">comparatively good</a>. This led us to explore a different explanation: Seeds from healthy seagrass populations elsewhere along the Atlantic coast simply weren't reaching these isolated bays. Seagrasses are underwater flowering plants, so seeds are among the main ways they reproduce and spread to new environments.</p>
Eelgrass beds were restored in four bays at the southern tip of Virginia's eastern shore on the Atlantic coast. David J. Wilcox/VIMS, CC BY-ND
Sowing a New Crop<p>From our <a href="https://doi.org/10.2307/1941597" target="_blank">earlier research</a>, we knew that when eelgrass seeds fall from the parent plant, they sink to the sea bottom quickly and don't move far from where they land. We also knew that these seeds don't germinate until late fall or early winter. This meant that if we collected the seeds in spring, when eelgrass flowers, we could hold them until the fall, helping them survive over the months in between.</p><p>We decided to try reseeding eelgrass in the areas where they were missing. Starting in 1999, we collected seeds by hand from underwater meadows in nearby Chesapeake Bay – plucking the long reproductive shoots, bringing them back to our laboratory and holding them in large outdoor seawater tanks until they released their seeds naturally. After about 10 years we started gathering the grasses using a custom-built underwater "lawn mower" to collect many more of the reproductive shoots than we could by hand.</p><p>In 2001 we sowed our first round by simply tossing seeds from a boat. Our first test plots covered 28 acres of mud flats in waters 2 to 3 feet deep. Returning the following year, we saw new seedlings sprouting up.</p><p>Each year since then, the <a href="https://www.vims.edu/" target="_blank">Virginia Institute of Marine Science</a> and the <a href="https://www.nature.org/en-us/about-us/where-we-work/united-states/virginia/" target="_blank" rel="noopener noreferrer">Nature Conservancy's Virginia Coast Reserve</a>, along with staff and students from the <a href="https://www.vcrlter.virginia.edu/" target="_blank" rel="noopener noreferrer">University of Virginia</a>, have led a team of scientists and citizens to collect and seed a combined 536 acres of bare bottom in several coastal bays.</p><p>These initial plots took off and rapidly expanded. By 2020 they covered 9,600 acres across four bays. Several factors helped them flourish. These bays are naturally flushed with cool, clean water from the Atlantic Ocean. And they lie off the tip of Virginia's eastern shore, where there is little coastal development.</p>
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="a482c2146febd6782c99960c2b55feb8"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/K9NyfPLINtk?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
Sheltering Marine Life and Storing Carbon<p>Since eelgrass disappeared from these bays in the 1930s, human understanding of seagrass ecosystems has evolved. Today people don't pack their walls full of seagrass insulation but instead value different services they provide, such as habitat for fish and shellfish – including many <a href="https://doi.org/10.1111/conl.12645" target="_blank" rel="noopener noreferrer">commercially and recreationally important species</a>.</p><p>Scientists and government agencies also have recognized the importance of coastal systems in capturing and storing so-called "<a href="https://oceanservice.noaa.gov/facts/bluecarbon.html" target="_blank" rel="noopener noreferrer">blue carbon</a>." In fact, we now know that seagrasses constitute a globally significant <a href="https://doi.org/10.1038/ngeo1477" target="_blank" rel="noopener noreferrer">carbon sink</a>. They are a key tool for reducing carbon dioxide in the atmosphere and <a href="https://doi.org/10.1038/s41598-020-64094-1" target="_blank" rel="noopener noreferrer">slowing climate change</a></p><p>We are working to understand the valuable services that our restored seagrass beds provide. To our surprise, fish and invertebrates returned within only a few years as the meadows expanded. These organisms have established extensive food webs that include species ranging from tiny seahorses to 6-foot-long sandbar sharks.<br></p><p>Other benefits were equally dramatic. Water in the bays become clearer as the seagrass canopy trapped floating particles and deposited them onto the bottom, burying significant stocks of carbon and nitrogen in sediments bound by the grasses' roots. Our research is the first to verify the overall net carbon captured by seagrass, and is now being used to issue carbon offset credits that in turn <a href="https://vaseagrant.org/eelgrass-carbon-credits/" target="_blank">create more funds for restoration</a>.</p><p>One big question was whether restoring seagrasses could make it possible to bring back bay scallops, which once generated millions of dollars for the local economy. Since bay scallops no longer existed in Virginia, we obtained broodstock from North Carolina, which we have <a href="https://chesapeakebaymagazine.com/return-of-the-bay-scallop/" target="_blank">reared and released annually</a> since 2013. Regular surveys now reveal a growing population of bay scallops in the restored eelgrass, although there is still some way to go before they reach levels seen in the 1930s.</p>
Restored seagrass beds (dark areas) along Virginia's Atlantic coast, with sunlight reflecting from a small island. Jonathan Lefcheck, CC BY-ND
A Model for Coastal Restoration<p>Repairing damaged ecosystems is such an urgent mission worldwide that the United Nations has designated 2021-2030 as the <a href="https://www.decadeonrestoration.org/" target="_blank">U.N. Decade on Ecosystem Restoration</a>. We see the success we have achieved with eelgrass restoration as a prime model for similar efforts in coastal areas around the world.</p><p>Our project focused not only on reviving this essential habitat, but also on charting how restoring seagrasses affected the ecosystem and on the co-restoration of bay scallops. It provides a road map for involving scholars, nonprofits organizations, citizens and government agencies in an ecological mission where they can see the results of their work.</p><p>Recent assessments show that the restored zone only covers about 30% of the total habitable bottom in our project area. With continued support, eelgrass – and the many benefits it provides – may continue to thrive and expand well into the 21st century.</p>
EcoWatch Daily Newsletter
By Jessica Corbett
Leaders of climate and conservation groups on Tuesday welcomed House Democrats' introduction of landmark legislation that aims to address the ocean impacts of human-caused global heating and reform federal ocean management—recognizing that, as Rep. Raúl M. Grijalva put it, "a healthy ocean is key to fighting the climate crisis."
<div id="a858f" class="rm-shortcode" data-rm-shortcode-id="99d487bc34e6e570edd2a3089e616347"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1318606309256798208" data-partner="rebelmouse"><div style="margin:1em 0">🎥 We're live! @NRDems, @RepRaulGrijalva, and @USRepKCastor are unveiling #OceanClimateAction legislation. W… https://t.co/pPdylA6cKQ</div> — Select Committee on the Climate Crisis (@Select Committee on the Climate Crisis)<a href="https://twitter.com/ClimateCrisis/statuses/1318606309256798208">1603215217.0</a></blockquote></div>
<div id="17f05" class="rm-shortcode" data-rm-shortcode-id="28d7040a5dd41c4d26fed8e93a225655"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1318614724842524674" data-partner="rebelmouse"><div style="margin:1em 0">.@RepRaulGrijalva’s climate bill will ignite #OceanClimateAction to help fight inequality by prioritizing funding f… https://t.co/oeH1W214em</div> — NRDC 🌎🏡 (@NRDC 🌎🏡)<a href="https://twitter.com/NRDC/statuses/1318614724842524674">1603217223.0</a></blockquote></div>
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Poor eating habits, lack of exercise, genetics, and a bunch of other things are known to be behind excessive weight gain. But, did you know that how much sleep you get each night can also determine how much weight you gain or lose?
Almost 300,000 more Americans have died during the first ten months of the coronavirus pandemic than would be expected in an average year, the Centers for Disease Control and Prevention (CDC) reported Tuesday.
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By Julia Conley
A federal judge in Washington, D.C. late Sunday struck down the Trump administration's proposed changes to the SNAP benefits program, potentially saving hundreds of thousands of people from losing badly needed federal food assistance.
<div id="e8d44" class="rm-shortcode" data-rm-shortcode-id="be49aabc36a5465eed30ca54f88f6b2d"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1318171686232096772" data-partner="rebelmouse"><div style="margin:1em 0">A judge has ruled in our favor and blocked the Trump administration’s unlawful changes to SNAP. This decision is… https://t.co/5zeTafxMLm</div> — NY AG James (@NY AG James)<a href="https://twitter.com/NewYorkStateAG/statuses/1318171686232096772">1603111595.0</a></blockquote></div>
<div id="f47ab" class="rm-shortcode" data-rm-shortcode-id="381daa45528adda7398d5628d047294f"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1318175677724676096" data-partner="rebelmouse"><div style="margin:1em 0">There's a lot of competition for Vilest Policy Ever, but slashing food stamps during a pandemic that's causing mass… https://t.co/EYvb0C8Q3m</div> — Tamar Haspel (@Tamar Haspel)<a href="https://twitter.com/TamarHaspel/statuses/1318175677724676096">1603112546.0</a></blockquote></div>
<div id="946d8" class="rm-shortcode" data-rm-shortcode-id="3cff2dc2643fc55ab21d2a73881c7de8"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1318168614541950976" data-partner="rebelmouse"><div style="margin:1em 0">Trump: yes to Space Force, no to Food Stamps. Another equation that might be remembered in a few weeks. https://t.co/9IEDBaMy2o</div> — Matt Taibbi (@Matt Taibbi)<a href="https://twitter.com/mtaibbi/statuses/1318168614541950976">1603110862.0</a></blockquote></div><p>"Trump: yes to Space Force, no to Food Stamps," Taibbi tweeted.</p>
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