Design and Use of a Green Revolving Fund at Airports

While there are several potential sources for funding airport sustainability projects (capital budget, utility rebates and subsidies, and competitive grants such as the Federal Aviation Administration's (FAA’s) VALE program), these sources each have challenges in terms of what they can be spent on and overall funding availability. Energy performance contracting requires extensive and complex procurement support and may not be viable for small projects. Moreover, after an action is completed, there may be limited ability to measure the cost savings from the project. Few airports have implemented a formalized process to evaluate whether or not to pursue a utility cost reduction activity based on its projected return on investment, and without tracking savings, organizations cannot clearly see the financial and environmental benefits of projects. A green revolving fund tailored to airports could address these challenges by creating a transparent, centralized process for airports to capture and track the financial benefits of resource conservation projects, and then leverage the savings into flexible, self-financing for more green projects. The objective of this research is to develop a toolkit for airports to establish a green revolving fund as a new and efficient method to fund sustainability projects and to create an effective performance tracking mechanism.


  • English


  • Status: Proposed
  • Funding: $350000
  • Contract Numbers:

    Project 02-77

  • Sponsor Organizations:

    Airport Cooperative Research Program

    Transportation Research Board
    500 Fifth Street, NW
    Washington, DC    20001

    Federal Aviation Administration

    800 Independence Avenue, SW
    Washington, DC  United States  20591
  • Project Managers:

    Schatz, Theresia

  • Start Date: 20160731
  • Expected Completion Date: 0
  • Actual Completion Date: 0
  • Source Data: RiP Project 40985

Subject/Index Terms

Filing Info

  • Accession Number: 01606904
  • Record Type: Research project
  • Source Agency: Transportation Research Board
  • Contract Numbers: Project 02-77
  • Files: TRB, RiP
  • Created Date: Jul 30 2016 1:01AM