This is the green transition that Warmists were enthused about in theory, not practice. If they thought it was so great they would have done it voluntarily in their own lives. Let’s not forget that poll after poll after poll showed that most people do not want to spend much of their own money to Do Something
While much of the focus lately has been on the inflationary environment, some investors are preparing for environmental inflation caused by economies transitioning to green energy.
With the earth’s climate on track to exceed an alarming 2 degrees of warming, governments and companies are under increasing pressure to clean up their business models to reduce greenhouse gas emissions.
On track? Who says? Cranks, computer models, and people invested in pushing the doomsday scam?
The premise of this so-called en-flation holds that as sectors scramble for skilled labor, green innovations, and carbon credits, it will cause a chain reaction leading to higher energy — and, eventually, consumer — prices.
“As companies, as countries are trying to deal with the infrastructure that they need, then unfortunately, that does mean a lead to almost a supply shortage,” Principal Global Investors Chief Strategist Seema Shah said on Yahoo Finance Live (video above). “Then you start to see the energy inflation. And en-flation, this transition to green energy, is of the reasons that we do see structurally higher inflation over the coming years over the future.”
In November, inflation increased by the highest rate in 39 years, though it was in line with estimates, according to the Labor Department’s Consumer Price Index (CPI) released on Friday.
Shah suggested that the effects of en-flation are already beginning to take hold — particularly when it comes to energy prices, which were up 3.5% in November as demand outstripped supply.
Of course, most of the people who are forcing this to happen are rich folks, so, this really doesn’t effect them. Particularly since many have government fossil fueled transportation.
Another factor in driving up prices is that regulators may have less patience for companies who drag their feet on net-zero initiatives, especially as governments come under scrutiny around their own nationally-determined targets. As a result, laggards could face higher penalties if they don’t move quickly enough to decarbonize, according to Shah.
So, government artificially inflating energy, goods, food, etc, while also driving businesses to cut staff, offices, and even going out of business.
While tech innovation and investment have created a deflationary effect on prices in the past, Shah argued that green investment, in contrast, may very well cause upward pressures on prices.
“It’s one of the reasons that we don’t see inflation going back down to the 2% level,” she said. “We’re seeing it being higher than what we’ve had over the last decade.”
Sounds great, right? Funny how all the policies from the climate cult end up costing people more money, to go with the loss of freedom, liberty, and choice.
Read: Who’s Up For “Structurally Higher Inflation” From The Green Transition? »
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