Sustainability investments focused on community resilience: $10 increase to the ???Green Fee??? establishes Carbon Management Fund
The Carbon Management Fund (CMF) was started in the Fall of 2012 in response to a student referendum supporting the addition of a $10 term bill line item to fund carbon offsetting projects. This term bill line item was approved by Student Senate in February 2014 as an increase to the ???Green Fee??? and was also recently approved by the Board of Trustees in this year???s March meeting. The fee increase will generate ~$25,000 a year for local carbon offsetting projects effective FY15.
Oberlin College has pledged to become carbon neutral by 2025 through the American College and University President???s Climate Commitment (ACUPCC), and to become climate positive by 2050 through the Clinton Foundation: Climate Positive Development Program (CPDP). This means that as an institution the College???s effect on global atmospheric green house gas levels (GHGs) must be zero or actively improving atmospheric GHG levels. As we stand now, 11 years from our 2025 carbon neutral date, our future estimated annual carbon footprint is ~7,000 metric tons of CO2 or equivalent green house gasses (mtCO2e), down from ~40,000 mtCO2e currently. These expected emissions will result from our continued reliance on natural gas for heating buildings and fossil fuels for transportation. The projected emissions footprint in 2025 will prevent us from achieving carbon neutrality and fulfilling our commitment, unless we gather offsets in line with these commitments.
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