American Recovery and Reinvestment Act Funding for Sustainability
July 1st, 2010by Beth Gray
In February 2009, President Obama signed the American Recovery and Reinvestment Act of 2009, commonly known as the Recovery Act. According to the Administration’s website established to track the Recovery Act and the funds allocated from it, the purpose of the Act is three-fold: to “create new jobs and save existing ones,” to “spur economic activity and invest in long-term growth,” and to “foster unprecedented levels of accountability and transparency in government spending.” The Recovery Act included more than $80 billion in clean energy investments. As institutions of higher education begin addressing their own carbon footprints and the issues related to climate change in general, there are opportunities for them to apply for funds through the Recovery Act in order to implement projects that can help.
Various government agencies have been provided with portions of the total allotted in the Recovery Act and institutions of higher education may find funding for their sustainability projects through these agencies. For example, the Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) is responsible for some $16.8 billion of Recovery Act funding. Included in that total is some $11.3 billion for projects related to weatherization, state energy programs, and conservation block grants. Additionally, according to Financing Sustainability on Campus, a National Association of College and University Business Officer’s publication, the Recovery Act allocated $3.1 billion to the State Energy Program (SEP) “for onward allocation by state energy offices to higher education institutions and other organizations within their jurisdictions.”
