Revolving Funds for Sustainability Projects at Airports

National Academies of Sciences, Engineering, and Medicine

doi:10.17226/25567

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Revolving Funds for Sustainability Projects at Airports

(2019)

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Airports continually balance demands to improve infrastructure within the realities of available budgets. Green revolving funds (GRFs) offer an alternative approach for investing in projects that generate operational savings. These funds work by tracking verified cost reductions from implemented actions, and then transferring those savings to a reserve that provides capital for future qualified projects such as energy system upgrades.

A number of universities have managed GRFs for over a decade. Municipalities are starting to adopt them as well. ACRP Research Report 203: Revolving Funds for Sustainability Projects at Airports includes several non-airport-related case examples that have managed GRFs and two airport-related case examples. Airports require a modified GRF approach because of financial structures, Federal Aviation Administration (FAA) regulatory requirements, airline agreements, and the wide range of tenant roles.

This ACRP report provides guidance to determine whether this innovative funding approach is suitable for a particular airport and instructions on how to deploy it. Airports that have the ability and determination to launch a GRF will gain a robust method for advancing their sustainability goals.

Contributor(s): National Academies of Sciences, Engineering, and Medicine; Transportation Research Board; Airport Cooperative Research Program; Adam Klauber; Craig Schiller; Joey Cathcart; Philip Quebe; Mia Stephens; Brad Jones; Mark Orlowski; Aaron Karp; Ken Cushine

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National Academies of Sciences, Engineering, and Medicine. 2019. Revolving Funds for Sustainability Projects at Airports. Washington, DC: The National Academies Press. https://doi.org/10.17226/25567.

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136 pages | 8.5 x 11 | DOI: https://doi.org/10.17226/25567

Chapters		skim
Front Matter	i-viii
Summary	1-3
Chapter 1 - GRF 101 High-Level Overview	4-6
Chapter 2 - Where Are GRFs Already Working?	7-8
Chapter 3 - Phase 1: Planning Initiating an Airport GRF	9-30
Chapter 4 - Phase 2: Implementation GRF Activation Steps	31-43
Chapter 5 - Phase 3: Operations GRF Project Implementation and Ongoing Management	44-49
Chapter 6 - Conclusions	50-50
References and Other Resources	51-53
Appendix A - Frequently Asked Questions for Funding Airport GRFs	54-65
Appendix B - Energy Conservation Measures	66-78
Appendix C - Case Examples	79-96
Appendix D - Measurement and Verification	97-116
Appendix E - Sample Charter	117-119
Appendix F - Glossary	120-126

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