NYT Climate Forward: "Fighting inflation with climate action"

By Manuela Andreoni

“For fossil fuel, most of the expense is the commodity. It’s the operating expenses, the fuel,” said Gernot Wagner, a climate economist at Columbia Business School. “With renewables, it’s the exact opposite, in the sense that it’s the solar panel initially that costs a lot. And once installed, you’re basically printing money.”

Quoted in: "Fighting inflation with climate action" by Manuela Andreoni, New York Times Climate Forward newsletter (9 August 2022).

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