Impact of Sustainable Energy Transition on Inflation
Dr. Mohamed El-Erian discusses how the 'sustainable energy' transition has led to a world with higher inflation compared to before, due to shifts in domestic and international paradigms and major transitions in various sectors.
Key Points
- Transition to sustainable energy has contributed to higher inflation
- Shift from Washington consensus to industrial policy and government intervention
- Major transitions in various sectors are changing the inflationary environment
Pros
- Recognition of the impact of sustainable energy transition on inflation
- Discussion on shifts in domestic and international paradigms
- Insights into major transitions in sectors like AI, life sciences, and defense