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UI Reduces CO2 Output Well Beyond 2007 Goal
Thursday, October 2, 2008
University of Iowa News Release
The Chicago Climate Exchange (CCX) has notified the University of Iowa that it reduced its carbon dioxide emissions in 2007 by almost 18 percent more than was required by its agreement with the Exchange.
The University of Iowa was legally bound to emit no more than 264,100 metric tons of CO2 in 2007 to satisfy the emissions reduction required by the exchange. The UI's power plant emitted 217,300 actual tons of CO2, some 46,800 tons less than required.
The UI is lowering its greenhouse gas emissions through innovative and sustainable practices that include burning oat hulls to replace coal, which also saves the university hundreds of thousands of dollars each year in coal costs. CCX is the world's first -- and North America's only -- multinational and multisector marketplace for reducing and trading greenhouse gas emissions.
The University of Iowa is one of only seven universities in the country in the exchange. By exceeding its goals through actual emission reductions, the university was able to sell carbon credits earlier this year to Michigan State University to help MSU to meet its first-year reduction targets.