Published:
January 14, 2020
“The big insight here is that the change in the price of natural gas changes the incentives to invest in some types of downstream infrastructure,” Andrew Waxman, assistant professor at the University of Texas at Austin and lead author of the latest study, said in an interview. “Having taken apart the IPCC model, [petrochemical buildout] is not explicitly built into their modeling,” he said, referring to the United Nations’ Intergovernmental Panel on Climate Change.