You are here

Res005 Sustainability Economic Analysis recommendation - Submittal

Posted by Sarthak Prasad on February 22, 2023

The Resilience iCAP Team submitted the attached Res005 Sustainability Economic Analysis recommendation to the iWG on 2/20/2023. The recommendation states:

Provide undergraduate research support for reporting on sustainability concepts including cost-benefit analysis, lifecycle costs, and finance considerations for Sustainability-related projects of interest to the local urbanized areas of Urbana, Champaign, and Savoy.

Topic examples include Green Infrastructure or Energy Conservation / Renewable Energy projects that municipalities are interested in undertaking. This research should help identify useful case studies and provide reporting on the economics of “green” capital projects of interest. Information showing that Green Infrastructure projects and/or Renewable Energy projects are fiscally sound, financially viable, and can demonstrate a return on investment have a greater chance for adoption over the easier “status quo” or lowest-bidder projects.

iSEE will provide some oversight and work to identify potential resources to partner with communities to answer sustainability questions with regard to “green” and “sustainable” community investments – where cost-benefit analysis and life cycle analysis reporting would be beneficial.  ISEE recommended that Eric Green’s ENVS 492 undergraduate course is an appropriate class to partner with.

This recommendation also seeks assistance from iSEE to help identify future funding for the development, implementation, and outreach of this plan.

Additionally, the Education iCAP Team will assist in identifying online and on-campus degree programs with capstone courses that may align with the project scope. The Resilience iCAP Team leaders will continue to work with community partners to identify areas of prioritized need to be shared with a growing network of faculty and programs who in turn, are interested in providing real-world research-based opportunities to their students.

Through ENVS 492 and potential online and on-campus capstone programs, students will work with communities to conduct research and outreach, and to disseminate applicable reports and findings.

Suggested unit/department to address implementation: ISEE