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Green transition will drive up inflation – but less than unchecked climate change

June 20, 2022

The “green transition” to renewable energy is expected to create inflationary pressure over the next decade. And the faster renewables are adopted, the worse this problem is expected to become in the medium term.

However, according to a new forecast by Swiss Re, a faster transformation now will lower the inflationary cost over the very long term, as the pressures fade and we benefit from mitigating “climateflation” – the inflationary costs of climate change.

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