Bitcoin IRAs Enable Tax-Shielded Investment And Propel The Circular Economy

We write to provide an update on the progress we’ve made toward the College’s commitment to achieving carbon neutrality by 2030 through our ambitious Climate Action Plan (CAP).   Our last letter, in November, noted that our New England College Renewable Partnership’s solar energy facility went online, providing renewable electricity to meet nearly all of our purchased electricity needs and reducing campus CO2 emissions by more than 3,200 metric tons per year, or 17.5% of our carbon footprint.  We also noted that the centerpiece of CAP, the transformation of our fossil fuel-based infrastructure to a renewable energy-based “low temperature, hot water” infrastructure, had reached a design milestone, but cost estimates were considerably higher than anticipated due to pandemic-related market complications coupled with the complexities of the campus’s underground routing structure. Supply chain disruption also contributed to the College’s decision to delay the anticipated Spring ’22 Phase I start of this generational project. Despite these challenges, however, we are pleased and confident that the completion target of 2030 can be maintained.