When Ball State University joined the American College and University Presidents Climate Commitment (ACUPCC), it vowed to slash its greenhouse gas emissions 40% by 2020. Then it identified nine pilot projects to help it achieve its goal “as funding becomes available”.
Now Automaker Chevrolet is helping to make some of that funding available by purchasing roughly 400,000 to 500,00 carbon credits from institutions of higher learning that undertake energy-efficiency and renewable-energy projects.
Not only is Chevrolet buying the credits, but the company financed the development of a new methodology that made their creation possible. The exact price the automaker will pay each institution for credits is confidential, but likely around $5 per metric ton.