I have read a good paper on University sustainability, whether we are talking about private or public Universities. Based on 80 higher education institutions analysis around the world, the authors developed a sustainable University model which offers a "clear perspective about how people responsible for sustainability initiatives achieve their initial momentum to progress to advanced steps in the process to become a sustainable University". Sustainability is to be achieved, but it should be maintained permanently.

http://www.sciencedirect.com/science/article/pii/S0959652606000199

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