The Bank of England says cutting carbon could push up prices
Why Governor Andrew Bailey is watching carefully the impact of climate change on higher prices …
But in fact there is a connection between these two worlds, says Governor Bailey himself. In an interview with me the governor says that the transition to net zero “could lead to permanent price level effects”, that we have to “understand and deal with”. Mr Bailey said people should “understand that this is the transition path we have to do”.
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