CleanMed 2024: Funding & financing mechanisms for decarbonization projects

Health care has never had so many financing mechanisms for building decarbonization, but the pathway for leveraging these tools is complex. Presenters will share stories from two health systems to highlight pathways for identifying finance approaches for decarbonization. The Ohio State University Wexner Medical Center case study will review how green building design standards led to an improved ASC prototype and how they leveraged green bond financing to advance sustainable building strategies. This session will also look at Stanford Children's experience utilizing funding sources such as grants, utility and local government rebates, and Inflation Reduction Act (IRA) funding and their journey with energy-as-a-service financing. It will also explore how projects were prioritized and the guiding principles that were applied to project evaluation and selection.