GREENFLATION Is It an Upward Road to Economic Doom?
Jan 03, 2022
4 minutes
by Toulika Das
Green Marketing Comes at a Cost, and Environmentalists Must Pay Attention To It.
The expenses associated with turning green, may be a worry in several businesses in the medium term.
With sustainability gaining traction across sectors, industries, and regions, we decided to take a deeper look at one of the less-considered but potentially important macroeconomic consequences of increased green investment: Inflation.
Greenflation As A Serious Concern For Climate Action
According to Vaibhav Chaturvedi, a researcher at the Council on Energy, Environment, and Water (CEEW), “Greenflation,” or the expenses associated with turning green, may be a worry in several businesses in the medium term. Materials such as tin, aluminum, copper, nickel, and cobalt, which are required for energy conversion technologies, have seen price increases of 20% to 91%
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