Trump promoted fossil fuels. His war is pushing the world away from them.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
Capturing carbon emissions, storing them and even using them in novel ways are getting a lot more attention now than they did a few years ago, as policymakers, business leaders, scientists and others look more urgently for ways of addressing climate change.
In this edition of Columbia Energy Exchange, host Bill Loveless catches up with Julio Friedmann, a senior research scholar at the Center on Global Energy Policy and the director of the center’s Carbon Management Research Initiative. He’s one of the most widely known and authoritative experts in the U.S. in this field with expertise in technology, policy and operations.
Julio served as a principal deputy assistant secretary for fossil energy at the U.S. Energy Department during the Obama administration and has held positions at Lawrence Livermore National Laboratory. With Bachelor and Master of Science degrees from the Massachusetts Institute of Technology and a Ph.D. in geology from the University of Southern California, he also worked for five years as a senior research scientist at ExxonMobil.
Their conversation is timely as Congress considers new legislation that would expand government incentives promoting carbon capture technologies as concerns over the risks of climate change and commitments to address the phenomenon grow. Julio also breaks down the challenges of financing these technologies.
And by the way, keep an eye out for an upcoming paper from Julio and the Center on Global Energy Policy that will examine which policies might work to stimulate investment in carbon capture technology in the U.S. power sector.
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