Matt Elenjickal writes for Fast Company about pressuring companies to drive sustainable practices, noting the MIT Center for Transportation and Logistics’ 2023 State of Supply Chain Sustainability report, which found that “investors continue to be the fastest-growing source of pressure on company leadership when demanding progress against sustainability goals.”
Writing for Bloomberg, David Zipper, a senior fellow at the MIT Mobility Initiative, discusses new parking fees based on vehicle weight established in Rosemont-La Petite-Patrie, a borough in the city of Montreal, to combat congestion and carbon emissions. “Paying more for parking may seem like a modest step, but it sends a clear message about the societal costs that oversized vehicles impose on everyone else,” writes Zipper.
An opinion piece by Katie Martin of the Financial Times explores how Prof. Emil Verner and colleagues have found that climate pledges made by banks and other financial institutions are not effective at reducing carbon emissions. “We find no evidence of reduced financed emissions through engagement,” the paper states. “We conclude that net zero commitments do not lead to meaningful changes in bank behavior.”
Prof. Asegun Henry founded Fourth Power, a startup using new technology to cut the cost of storing renewable energy, reports Adele Peters for Fast Company. The technology is designed “to tap into excess renewable energy,” explains Peters. “That energy heats up liquid tin, which flows down carbon pipes to heat up the blocks. When the grid needs electricity again, the system generates it using special solar panels that run on the white-hot light from the pipes rather than sunshine. Because the system was designed for durability, the team expects it to last for three decades—far longer than lithium-ion batteries, which quickly degrade.”
An analysis by The Atlantic’s Ronald Brownstein notes despite Republican resistance to electric vehicles, many new production facilities are located in GOP-represented states. MIT Innovation Fellow Brian Deese explains EV companies are simply seeking space and nearby manufacturing and construction capacity, but said “it’s pretty hard to think of a technology where there was a cheaper, better technology to solve a consumer need and consumers prioritized a cultural or political patina over lower costs and higher quality.”
Researchers from MIT and elsewhere have found that “showing AI-generated images of a less car-reliant American city boosted support for sustainable transportation policies,” reports Linda Poon for Bloomberg. “Let’s help them imagine what it would actually be like to live in a car-less neighborhood, and a car-less city,” says postdoctoral associate Rachit Dubey.
Prof. John Sterman speaks with New York Times reporter Susan Shain about the effectiveness of flight offsets. Sterman explains that few offset project results are verifiable, immediate and durable, part of his criteria for legitimacy. Better recommendations include insulating your home or buying an electric car.
Prof. Jacopo Buongiorno talks with Steve Curwood of Living on Earth about new investments in nuclear power generation, advanced reactors and waste disposal. He notes roughly half the clean energy in the U.S. comes from nuclear, with great potential due to its adaptability. “The nice thing about nuclear is that it’s a fairly versatile energy source,” explains Buongiorno. “It can give you heat, if you want heat. It can give you electricity if you want electricity. It can give you hydrogen if you need hydrogen, or some kind of synthetic fuel for transportation."
Prof. Christopher Knittel speaks with The Hill reporters Rachel Frazin and Zack Budryk about the implications of the latest climate rule put in place to mitigate power plant emissions. “What we’ve seen, even without these rules, is that coal generation is failing,” says Knittel. “These new rules will certainly push to speed that transition up.”
Robert Stoner, interim director of the MIT Energy Initiative, speaks with Boston Public Radio hosts Jim Braude and Margery Eagan about how the Bipartisan Infrastructure Act provides funding for hydrogen hubs around the country to create networks of hydrogen fuel producers. “We're going to use hydrogen as a substitute for natural gas. In order for that to happen, we have to get the cost way down,” Stoner explains.
Prof. Esther Duflo will present her research on poverty reduction and her “proposal for a global minimum tax on billionaires and increased corporate levies to G-20 finance chiefs,” reports Andrew Rosati for Bloomberg. “The plan calls for redistributing the revenues to low- and middle-income nations to compensate for lives lost due to a warming planet,” writes Rosati. “It also adds to growing calls to raise taxes on the world’s wealthiest to help its most needy.”
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.”
Writing for The Hill, Sloan Prof. Catherine Wolfram and UCLA Prof. Kimberly Clausing explore why they feel U.S. politicians should embrace carbon pricing. “2025 will be a big year for Congress to tackle longstanding fiscal issues and further climate policy efforts,” they write. “Before this can happen, politicians need to hear timely arguments backed by up-to-date evidence.”