Sustainable Practices - Energy Carryover Fund
Lane is one of forty-four colleges and universities participating in the Sustainable Endowments Institute's Billion Dollar Green Challenge. This challenge encourages colleges and universities to invest a combined total of one billion dollars in self-managed revolving funds that finance energy efficiency improvements.
Lane established a fund for energy efficiency and renewable energy projects in 2006. The fund realizes savings when current year electricity and natural gas expenditures are less than current year budget. Additionally, rebates and other incentives for energy-focused projects can be deposited into the fund, helping to fund more projects in the future.