What causes inflation? And how is it connected to the energy transition?
Standard business press narratives often discuss inflation as if it has a mind of its own, seldom exploring its root causes. However, the connection between inflation and fossil fuel prices is both undeniable and significant. In fact, as you’ll hear at the end of today’s interview, endless interventions by the Fed may be an unavoidable consequence of the energy transition, from now until the project is complete.
So why aren’t we having a conversation about how Putin’s invasion of Ukraine ultimately led to your having to pay more for everything, as inflation was transmitted through from fossil fuels to everything else? Why did Congress give us the Inflation Reduction Act in 2022, instead of the Fossil Fuel Reduction Act? And what is the role of the Fed in the energy transition?
In this conversation, climate economist Gernot Wagner of the Columbia Business School rejoins us to help us understand the relationships between fossil fuels and inflation. We discuss why the Fed acts as it does, and we explore the Inflation Reduction Act in the US and the REPowerEU policy package in the EU, and the complex interconnections between monetary policy, industrial policy, and energy policy.
[Episode #151] – Best of ETS Vol. 1
[Episode #150] – Resilient and Reliable Power
[Episode #149] – Green Hydrogen and Carbon Prices
[Episode #148] – Energy and Emissions after COVID
[Episode #147] – Hydrogen Innovations and Applications
[Episode #146] – Why Local Solar Costs Less
[Episode #145] – A Slow Take on the Texas Blackout
[Episode #144] – Investing in Energy Transition
[Episode #143] – Hydrogen Economy 2.0 Part 2
[Episode #142] – Hydrogen Economy 2.0 Part 1
[Episode #141] – Making Climate Policy Work
[Episode #140] – Methane Leakage
[Episode #139] – Vehicle-Grid Integration
[Episode #138] – Transition in China
[Episode #137] – Energy and Climate in the Biden Administration
[Episode #136] – The Economic Superorganism
[Episode #135] – Internalizing Climate Risk
[Episode #134] – Storage Grows Up
[Episode #133] – Stranded Assets
[Episode #132] – The Future of Solar
Create your
podcast in
minutes
It is Free
Jim & Bill (It‘s Another Day)
Pharmacy Podcast Network
HauntingLive
The Tucker Carlson Show
The Ben Shapiro Show