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Green Revolving Fund (GRF)

A Green Revolving Fund (GRF) is an internal, self-replenishing pool of capital dedicated to financing sustainability upgrades within an organization. It initially pays for projects that reduce resource consumption, such as energy efficiency retrofits, water conservation measures, or renewable energy installations. The operational cost savings generated by these projects are then tracked and returned to the fund. This "revolving" mechanism replenishes the capital, allowing the organization to continuously invest in new rounds of green projects without new appropriations, creating a powerful cycle of environmental and financial improvement.