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.
"LEAP: Land Endowment Action Plan for Sustainable Colby,"
Journal of Environmental and Resource Economics at Colby: Vol. 01
, Article 11.
Available at: http://digitalcommons.colby.edu/jerec/vol01/iss01/11