Climate Action Plan - Binghamton University

Table 2 summarizes the costs and effectiveness of all the mitigation strategies listed in thisClimate Action Plan:TABLE 2- MITIGATION STRATEGIES PROJECT SUMMARYProject NameYearDuration(years)UnitsTotal CapitalCostAnnualReductions(MT eCO2)TotalLifetimeReductions(MT eCO2)% of StartYearEmissionsDiscountedCost perReductionRankReplace Coal and Gas with WoodChips in Heating Plant2021 30 1 ($6,017,416) (15,735.2) (472,055.7) 33.42% $8.71 2Replace Outdoor Lighting 2015 15 290 ($145,000) (63.0) (944.5) 0.13% ($171.35) 18Replace Bus Garage Lighting 2010 20 46 ($11,500) (26.7) (533.9) 0.06% ($38.74) 7Install Occupancy Sensors inRemaining Buildings2015 15 3000 ($900,000) (748.2) (11,223.2) 1.60% ($133.71) 17Lower HTHW TemperatureOutput from Heating Plant2015 15 1 - (136.9) (2,053.3) 0.29% $15.16 1Replace Old Motors with Energy-Efficient Units2015 15 33 ($59,400) (54.2) (812.6) 0.12% ($91.11) 12Car Pool Incentive for Students 2021 30 1000 - (807.6) (24,228.4) 1.72% ($475.86) 22Car Pool Incentive for Faculty andStaff2021 30 200 - (557.3) (16,717.6) 1.18% ($55.17) 10Increase Compost Rate 2015 15 1 - (192.4) (2,885.6) 0.41% ($179.86) 19Renewable Energy Certificates 2010 20 1E+07 - (3,730.8) (74,616.3) 8.01% ($33.40) 6Replace All Light-Duty Vehicleswith Plug-in ElectricImprove Boiler Efficiency OnCampus by Tube Cleaning / BoilerReplacement, etc.Campus-Wide BuildingRenovation to Meet LEED Silveror Higher Standards2025 30 141 ($705,000) (597.8) (17,935.1) 1.26% ($244.72) 202021 30 60 - (68.8) (2,063.4) 0.15% ($45.90) 92030 30 3E+06 ($750,000,000) (5,725.0) (171,750.1) 12.05% ($4,426.10) 23On-Campus Wind Power 2030 30 3 ($3,000,000) (980.5) (29,413.8) 2.06% ($105.86) 13On-Campus Solar Electric(Photovoltaics)2030 30 3 ($30,000,000) (3,921.8) (117,655.1) 8.26% ($258.85) 21Solar Thermal for Domestic HotWater Preheating2025 30 1 ($1,000,000) (343.9) (10,317.1) 0.73% ($127.31) 15Purchase Carbon Offsets 2050 30 15000 - (15,000.0) (450,000.0) 30.95% ($5.54) 3~ 24 ~