Saving energy is focus of EDF Climate Corps
How a small cadre of grad students help top companies trim energy waste
For many organizations, smart energy management is one of those pie-in-the-sky goals: Desirable, but difficult.
Enter EDF's Climate Corps, who specialize in removing the obstacles to cutting energy costs or building out a sustainability plan.
How it works:
- Beginning each summer, dozens of top-tier graduate students enter our intensive course on sustainable energy management.
- They're then embedded at a wide variety of host organizations, such as Google, the City of Austin, and Proctor and Gamble.
- The fellows spend the rest of their summer making practical recommendations that reduce energy waste, trim carbon emissions, and save money at their host organization.
Fellows focus on the typical barriers that stand in the way of companies saving energy, such as the absence of project sharing, lack of energy use data or analytical tools, or unpredictable funding levels.
After our fellows graduate, many go on to become sustainability officers, armed with real-world sustainability expertise. How to host a fellow.
Case study: Adidas
At many organizations, energy efficiency projects never get off the ground because of tight capital budgets, and an inability to quantify and track energy spending. Additionally, even when energy capital is available and successful projects are completed, the savings brought in are not appropriately redeployed to further more energy-saving measures.
Our fellows can step in and solve these challenges. For example, EDF Climate Corps fellow and Yale MBA alum Elizabeth Turnbull Henry has helped the Adidas Group develop an in-house venture capital fund.
"I look at carbon reduction projects as a venture capitalist might: a portfolio of value-creating investments," Turnbull Henry says. "I rigorously scout, evaluate and invest in efficiency projects because they deliver great financial savings and reduce our greenhouse gas emissions."
Who in your network could use a fellow?
Almost any business executive or organizational manager is familiar with the barriers to a new project, and energy management projects carry additional unique obstacles that require extra know-how and resources. An EDF Climate Corps fellow is the highly trained extra hand on deck to make these investments happen.
With every new organization that participates in Climate Corps, we not only trim waste and greenhouse gases, we also gain innovative new ideas to make smart energy management happen.
We're seeking more companies and organizations to host fellows interested in experiencing the benefits of implementing research-backed energy management business models into their operations.
- 27Fortune 100 companies have hosted EDF Climate Corps fellows
- 400MBA and MPA students have served as EDF Climate Corps fellows
- 60of our 2013 fellows worked on complex data analysis
From barriers to opportunities
EDF Climate Corps specialize in removing barriers to energy management.
Lack of accountability
Fellows can help structure centralized energy management
Lack of energy data
Fellows can devise mandatory reporting and data tracking plan
Short sighted financial criteria
Fellows can assess net present value in requirements
EDF Climate Corps fellow Tyrone Davis attends 2014 State of the Union as honored guest.