Center for Energy and Environmental Policy Research

Data from the Clean Investment Monitor, a new project from MIT’s Center for Energy and Environmental Policy Research and the Rhodium Group, shows that President Biden’s 2022 Inflation Reduction Act has impacted both consumer and corporate spending. “The data show that in the year since the climate law passed, spending on clean-energy technologies accounted for 4 percent of the nation’s total investment in structures, equipment and durable consumer goods — more than double the share from four years ago,” writes Jim Tankersley for The New York Times.

A new study co-authored by MIT researchers finds that China’s ban on cryptocurrencies sent the process of creating new coins to other locations in the world that use less renewable energy, reports Hiroko Tabuchi for The New York Times. The researchers found that “Bitcoin miners lost their access to hydropower from regions within China that had powered their computers with cheap, plentiful, renewable energy during the wet summer months.”

E&E News reporter Sara Schonhardt reporter speaks with Michael Mehling, deputy director of the MIT Center for Energy and Environmental Policy Research, about how Russia’s invasion of Ukraine will impact the transition to cleaner energy in Europe. “I think it will lend further support to the not only environmental imperative of decarbonization, but also the strategic imperative of becoming energy independent with locally available renewables,” says Mehling.