The fight against climate change, which governments throughout the world, can lead to the increase in prices for goods, writes Bloomberg. Caring for ecology requires a refusal of carbon fuel, and production is now more expensive, which is explained by the need to use new technologies.
Global economy and so faces the threat of inflation against a record rise in price of raw materials, and the potential price jump due to the green revolution becomes another cause for concern. Thus, the global energy sector to complete the elimination of emissions to the atmosphere by the end of the decade will have to be investing five trillion dollars a year, the data of the International Energy Agency (MEA) are evidenced. This is, on average twice as many investments of the last five years.
“If I were offered to put in the coming years, I would say that it will focus on environmental issues and especially the desire to eliminate emissions into the atmosphere,” Roger Bootle said, founder Capital consulting company Economics.
Advanced inflation can also be significant spending on new technologies that manufacturers can shock on consumers. Makes your contribution to the transition to safer for ecology heating systems, which are also expensive.
In addition, the pressure of eco -activists leads to a limitation of oil production, which results in price increases. At the same time, to the abandon from the fossil fuel, the world is far away.
The need to reduce production has already encountered several large oil companies.
The very climate change and global warming are also becoming a problem for the global economy. So, drought in Taiwan threatens interruptions in the supply of semiconductors necessary for the production of various types of equipment. Problems may also appear with supplies of products, in particular, coffee and chocolate.