Will Russia’s War Derail Global Emissions Ambitions?

“Compared to previous oil shocks, this is a different world.” Vehicle industry expert John DeCicco, an engineer at the University of Michigan in Ann Arbor, says that history may not teach us much about how consumers are going to respond to skyrocketing oil prices. In the past, oil price sticker shock has reliably caused consumers to drive less and to purchase more fuel-efficient vehicles in order to ease the sting of high prices at the pump. This time, however, increasingly dramatic wealth gaps in many countries around the world may…