Incorporating External Effects into Project Sustainability Assessments: The Case of a Green Campus Initiative Based on a Solar PV System

Abstract

We demonstrated that a green campus initiative can reduce the carbon footprint of a university and improve the disaster resilience of the local community. A project sustainability assessment framework was structured to support the initiative. First, an on-campus solar photovoltaic (PV) system was designed. The project performance in terms of financial cost and greenhouse gas (GHG) emissions was assessed using life cycle cost analysis (LCC) and a life cycle assessment (LCA), respectively. Then, we explored the incorporation of positive social impacts on the local community in the context of natural disaster-prone Japan. Indicators for improving the disaster resilience of the residents were defined based on the Sendai Framework. Our results showed that the proposed solar PV system could provide an electricity self-sufficiency rate of 31% for the campus. Greenhouse gas emissions of 0.0811 kg CO2-eq/kWh would decrease the annual emissions from campus electricity use by 27%. Considering the substituted daytime electricity purchase, a payback period of 12.9 years was achievable. This solar PV system could serve as an emergency power source to 4666–8454 nearby residents and 8532 smart city residents. This external effect would encourage stakeholders like local government and developers to participate in the project.