Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran.
The Center on Global Energy Policy at Columbia University SIPA welcomes Dr. Chris Bataille, who joins the Center as an Adjunct Research Fellow. For more than two decades, his career has focused on the transition to a globally sustainable energy system. In his new role at Columbia, Dr. Bataille will focus on policy and technology pathways to decarbonize heavy industry and the role of carbon management in speeding up decarbonization of the global economy.
“The latest IPCC report has made it clear the urgency needed to dramatically reduce greenhouse gas emissions if we’re to keep global temperatures from rising above 1.5 degrees C,” said Jason Bordoff, Founding Director of CGEP and Co-Founding Dean at the Columbia Climate School. “Although challenging, getting to net-zero emissions for industry isn’t impossible. Chris is a welcome addition to the growing team at our Carbon Management Research Initiative.”
Industrialization is a key driver of economic growth but also responsible for roughly 24 percent of greenhouse gas emissions. In the heavy industry group, cement, steel, and petrochemicals are the top emitters and pose some of the biggest decarbonization challenges in any net-zero scenario. Emissions from heavy industry are primarily produced from the burning of fossil fuels for energy. CGEP has prioritized looking at low-carbon solutions for industrial heat.
“Right now, Russia’s war against Ukraine has squeezed global supply chains, including for heavy industries like iron and steel,” said Melissa Lott, CGEP’s Director of Research. “We’re now at a pivotal point in the energy transition where countries need to figure out how they’re going to sustainably source materials from these heavy emitting sectors. I’m pleased to have Chris on board to support research on this here at the Center.”
“Net-zero deep decarbonization of heavy industry has been my passion and focus since the Paris Agreement was signed in late 2015,” said Dr. Bataille. “While time is short, so much more seems possible now with concentrated effort. I look forward to working with CGEP and its global community to make heavy industry decarbonization a physical reality.”
Dr. Bataille is also an Associate Researcher at the Institute for Sustainable Development and International Relations (IDDRI) in Paris and an Adjunct Professor at Simon Fraser University. He was a Lead Author for the Industry Chapter of IPCC’s Sixth Assessment Report, as well as the Summary for Policy Makers and Technical Summary.
Read Dr. Chris Bataille’s full bio here.
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran.
Karen Young, a senior research scholar at Columbia University's Center on Global Energy Policy, says Secretary Rubio is visiting Gulf allies to reassure them their interests are represented in the deal - but that it might be a tough sell, amid worries that America's commitment to the Gulf states is "not what it used to be."
President Trump has ordered the DOJ to investigate oil companies over claims they are too slow to lower gas prices despite falling crude costs. Karen Young, senior research scholar at Columbia Universityâs Center on Global Energy Policy, called the move âpolitical theater,â saying thatâs ânot really how gasoline prices workâ in the U.S.
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