Fossilflation explained
Columbia Business School
Why is gas so expensive this summer? You can thank Fossil-flation, or inflation for fossil fuels.
What to do? Shift away from commodities like fossil fuels whose volatile prices can spike in response to crises like the war in Iran. Instead, invest in clean, green, mean technologies, says Gernot Wagner, Climate Economist at Columbia Business School. Not just because it's good for the planet, but because technologies, by definition, get better and cheaper over time.
