Introduction
In 2023, Altoosi University College formally established a policy to divest from carbon-intensive energy industries, particularly focusing on coal and oil sectors. This decision is part of the college’s commitment to sustainable development, reflecting a shift towards clean energy investments and a reduced carbon footprint.
Policy Objectives
The policy aims to:
- Minimize financial support for industries that contribute significantly to carbon emissions, specifically coal and oil sectors.
- Promote sustainable investment by redirecting funds towards renewable energy and low-carbon technologies.
- Align financial practices with the college’s broader goals of environmental sustainability and carbon reduction.
Renewable Energy Installations
As part of this commitment, Altoosi University College has:
- Installed a 6kW solar energy system on campus to support its power needs through clean, renewable energy.
- Set up a 3.3kW wind energy turbine to diversify renewable energy sources and further reduce dependency on fossil fuels.
These initiatives not only demonstrate the college’s commitment to sustainability but also serve as practical measures to reduce operational carbon emissions and educate students about renewable energy solutions.
Implementation Strategy
- Review of Investments: The college will conduct regular reviews of its investment portfolio to ensure compliance with the divestment policy, gradually reducing investments in fossil fuel industries.
- Sustainable Reinvestment: Divested funds will be reinvested in renewable energy projects, sustainable technology, and environmentally responsible businesses.
- Monitoring and Reporting: The college will track the progress of this policy, publishing annual reports on divestment activities, energy savings, and the environmental impact of its renewable energy systems.
