Social and Behavioral Sciences Commons^™

Leap: Land Endowment Action Plan For Sustainable Colby, Victoria Palffy

Journal of Environmental and Resource Economics at Colby

This paper proposes that Colby College purchase land endowments to fuel its recently constructed campus biomass plant. Rather than contract with a third party, the college should invest in 30,000 acres² and sustainably harvest its own renewable fuel. Beyond this, LEAP, the land endowment action plan, presents an opportunity to improve forest health, conserve valuable ecosystems, implement major additions to the curriculum, gain fuel independence, and create a constant annual revenue stream. With a 40-year payback period, the long-term investment brings profits of over $260 million in its 100-year outlook.