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Cornell’s Sustainability Plan Makes Progress, But Some Setbacks Still Remain
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Cornell has instituted multiple sustainability initiatives to become carbon neutral by 2035, but there are still some challenges to overcome.
The Cornell Daily Sun (https://cornellsun.com/tag/cornell-carbon-neutrality/)
Cornell has instituted multiple sustainability initiatives to become carbon neutral by 2035, but there are still some challenges to overcome.
Cornell University is one of thousands of institutions dedicated to sustainability and carbon neutrality. Not only are the ecological benefits of these missions evident, but they could also mean savings in revenue for the University. According to a comparative analysis by Morgan Stanley Capital Investment, fossil fuel free funds increased 12.56 percent between years 2014 and 2018. This yields a 0.65 percent increase in returns compared to funds that contain fossil fuel equities. For Cornell’s endowment, this increase in returns could produce over $1 billion of asset increases in a span of at least five years.