Researchers from MIT and elsewhere explored the effectiveness of climate commitments made by banks to mitigate the effects of climate change, reports Nicole Goodkind for CNN. “Our results cast doubt on the efficacy of voluntary climate commitments for reducing financed emissions, whether through divestment or engagement,” the researchers note.
Researchers from MIT and elsewhere have found that climate pledges made by banks to reduce carbon emissions and finance energy transitions may not be as effective as previously thought, reports Eshe Nelson for The New York Times. “The researchers found that since 2018 the banks had reduced lending 20 percent to sectors they had targeted in their climate goals, such as oil and gas and transport,” explains Nelson. “That seems like progress, but the researchers argued it was not sufficient because the decline was the same for banks that had not made the same commitment.”
Senior Lecturer John Parsons speaks with Grist reporter Gautama Mehta about the future of nuclear energy in the United States. “It’s also possible that nuclear, if we can do it, is a valuable contribution to the system, but we need to learn how to do it cheaper than we’ve done so far,” explains Parsons. “I would hate to throw away all the gains that we’ve learned from doing it.”
Yuly Fuentes-Medel, program director for textiles in the MIT Fabric Innovation Hub, speaks with Washington Post reporter Daliah Singer about the need for a more sustainable shoe industry. “You don’t want to consider your shoe something you’re going to throw away, and that’s a long-term change,” says Fuentes-Medel. “It’s a mental model that needs to change for us to keep building all the products of the future.”
MIT researchers have developed a new tool to quantify how climate change will impact the number of “outdoor days” where people can comfortably spend time outside in specific locations around the world, reports Tim DeChant for TechCrunch. “The MIT tool is a relatable application of a field of study known as climate scenario analysis, a branch of strategic planning that seeks to understand how climate change will impact various regions and demographics,” writes De Chant.
Using microwave plasma technology developed at MIT, 6K inc., is turning metals “including scrap, into high-performance materials for various applications,” reports Alex Pasternack for Fast Company. “The process produces no salt or liquid waste, uses just 10% of the water and half of the energy of conventional processes, and reduces costs by half,” writes Pasternack. “Its technique can also precisely control the composition and structure of materials at the atomic level.”
MIT’s new Climate Policy Center, directed by Prof. Christopher Knittel, will aim to produce “policy-relevant research on shorter timescales, while also pursuing more typical, long-term peer-reviewed work,” reports Andrew Freeman for Axios.
Prof. Emeritus Donald Sadoway co-founded Boston Metal, an MIT startup that has developed a carbon-free steel manufacturing process, reports Amy Feldman for Forbes. “Boston Metal’s process – which uses an electricity conducting, molten-metal proof anode to liquify iron ore, separating the pure metal without harmful byproducts – allows factories to create carbon-free steel as long as they use a clean energy source, such as hydroelectric power,” explains Feldman. “It also can create steel from lower-grade ores rather than relying on scarce high-grade ones. That’s an important advantage in terms of both cost and availability compared to other methods of making green steel, according to the company.”
Prof. Catherine Wolfram speaks with Heatmap reporter Matthew Zeitlin about her new study examining the effectiveness of climate policies in reducing emissions. Wolfram and her colleague found that instituting a carbon fee and a clean electricity standard would reduce emissions the most. Wolfram added that if the U.S. were to institute a carbon fee, it would be a major step towards a worldwide carbon price. “The more countries that get in this game,” Wolfram said, “the more powerful that policy can be.”
Writing for The Hill, Prof. Christopher Knittel and graduate student Kailin Graham emphasize the importance of ensuring the transition away from fossil fuels is an equitable process that provides support for vulnerable workers. “If we’re serious about achieving a truly just transition, far more federal policy action is needed,” they write.
Former postdoc Leah Ellis speaks with GBH All Things Considered host Arun Rath about Sublime Systems, an MIT startup she co-founded that aims to produce carbon-free cement to combat climate change. “Sublime Systems and this technology spun out of my postdoctoral work at MIT,” says Ellis. “My co-founder and I are both electric chemists, so we have experience with battery technologies and electrochemical systems. Our idea was thinking about how we might use renewable energy—which we know has become more abundant, inexpensive and available—to eliminate the CO2 emissions from cement.”
Researchers at MIT and elsewhere have provided an analysis of the successes and shortcomings of President Biden’s climate bill, reports Brad Plumer for The New York Times. The report says “the biggest obstacles facing renewable electricity are logistical,” writes Plumer. “Wind and solar are facing lengthy waits to connect the nation’s clogged electric grids, and it can take a decade or more to get permits for new high-voltage transmission lines and build them.”
Researchers at MIT and elsewhere have found that the “U.S. is generally heading in the right direction to achieve its energy goals to combat climate change, but it could still face headwinds due to siting and permitting delays, backlogged electric grid connection requests and supply chain challenges,” reports Elizabeth Weise for USA Today.
Prof. Ernest Moniz and his colleagues have designed a new consortium that plans to create an organized market for hydrogen, reports Llewellyn King for Forbes. This will allow hydrogen to become “a viable option in the pursuit of net-zero emissions,” writes King.
A study by MIT researchers has uncovered an, “intricate relationship between jobs and the nation’s energy transition,” reports Kaleigh Harrison for Environment + Energy Leader. The study, “presents an unprecedented county-level examination of the U.S., identifying regions most intertwined with fossil fuels – ranging from intensive drilling and mining operations to heavy manufacturing sectors,” writes Harrison. “The findings underscore not only the expected impact on traditional energy bastions but also highlight the broader, often overlooked, implications for areas heavily invested in manufacturing.”