By David Callaway, Callaway Climate Insights
(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)
CHAPEL HILL, N.C. (Callaway Climate Insights) — Higher inflation may be one of the prices we must pay to support the transition away from fossil fuels to clean energy.
I doubt you’ve heard that argument in the recent debate about whether or not the spike in inflation is transitory. That debate has instead focused on factors such as the magnitude of the government’s stimulus programs, the Fed’s easy-money policy, supply-chain bottlenecks caused by the pandemic and the ripple effects of Russia’s invasion of Ukraine. Nevertheless, there is compelling evidence that the transition to clean energy will be inflationary. . . .
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