Economy

Why the ESG transition will be hugely inflationary

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. . . .

To read the full column, all our insights, news and in-depth interviews, please subscribe and support our great climate finance journalism.

Callaway Climate Insights Newsletter

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.