Overall Rating Silver - expired
Overall Score 63.40
Liaison Adam Sizemore
Submission Date March 2, 2016
Executive Letter Download

STARS v2.0

Miami University
IN-1: Innovation 1

Status Score Responsible Party
Complete 1.00 / 1.00 Yvette Kline
Director of Sustainability and Energy Conservation
PFD
"---" indicates that no data was submitted for this field

Title or keywords related to the innovative policy, practice, program, or outcome:
Use of the Social Cost of Carbon in Utility Master Plan Optimization

A brief description of the innovative policy, practice, program, or outcome :

In 2015, Miami University worked with the National Renewable Energy Laboratory (NREL) to conduct a 25 year life cycle cost analysis of planned utility system changes. NREL's ReOPT program used load and performance models to select systems that optimized cost, but Miami was also interested in determining how far they could afford to reduce carbon emissions. NREL and Miami worked to establish emission factors inclusive of "upstream" emissions, and to select a central value discount rate for the Social Cost of Carbon. The ReOPT program was thereby able to select a system that not only optimized cost, but also minimized carbon emissions. By subsequently "subtracting out" the SCC, the carbon optimized outcomes could be fairly compared to the outcomes that only reduced cost, without consideration of carbon.
Per the forethought of the Sustainability Committee, the Life Cycle Cost Analysis will be made available upon request as teachable examples of socially responsible decision-making in a carbon economy.


A brief description of any positive measurable outcomes associated with the innovation (if not reported above):

Preliminary results identified a mix of technologies that cuts approximately 500,000 MTeCO2 (compared to Miami's original plan) over a 25 year period at an incremental cost of carbon of $1.81/MTeCO2.


A letter of affirmation from an individual with relevant expertise:
Which of the following STARS subcategories does the innovation most closely relate to? (Select all that apply up to a maximum of 5):
Yes or No
Curriculum Yes
Research No
Campus Engagement No
Public Engagement No
Air & Climate Yes
Buildings Yes
Dining Services No
Energy Yes
Grounds No
Purchasing No
Transportation No
Waste No
Water No
Coordination, Planning & Governance Yes
Diversity & Affordability No
Health, Wellbeing & Work No
Investment No

Other topic(s) that the innovation relates to that are not listed above:
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The website URL where information about the innovation is available :
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This project was a true collaboration between the REopt (renewable energy optimization) group at NREL and the Physical Facilities Department of Miami University.

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