Schnabel: Looking through higher energy prices? Monetary policy and the green transition

Schnabel: Looking through higher energy prices? Monetary policy and the green transition

From ecb.europa.eu

In 2021 the global economy was shaken by a major energy crisis. Prices for oil, gas and electricity surged as our economies reopened after the shutdowns imposed in response to the coronavirus (COVID-19) outbreak. Though last year’s events were extraordinary on many levels, spikes in energy prices are a common phenomenon. Since the 1970s, sharp movements in energy prices have been a recurring source of economic dislocations and volatility. And yet, the roots of today’s shock are likely to go deeper. While in the past energy prices often fell as quickly as they rose, the need to step up the fight against climate ... (full story)

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Post #1
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Jan 8, 2022 11:13am Jan 8, 2022 11:13am

Riskbanken
| Commercial Member | Joined Nov 2021 | 3 Comments

I think we have only seen the beginning of climate change policies having an impact on energy prices.

Post #2
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Jan 9, 2022 8:44am Jan 9, 2022 8:44am

JotaP
| Membership Revoked | Joined Feb 2021 | 276 Comments

So the problem is mostly related to carbon price (actually carbon tax) and higher tax rates across a range of fossil fuels.
Weird, they have created a heavier tax burden for consumers with nothing concrete in return.

Post #3
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Jan 9, 2022 10:28am Jan 9, 2022 10:28am

fxx360
| Joined Dec 2011 | Status: Member | 845 Comments

All bs

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Posted: Jan 8, 2022 10:32am
Submitted by:
Newsstand

Category: Low Impact Breaking News

Comments: 3 / Views: 920