Greener energy mix would foster price stability, says Lagarde
More use of renewables would reduce chance of energy price spikes
More green energy would foster price stability by reducing the risk of future shocks, European Central Bank president Christine Lagarde said today (November 7).
Greater renewable energy would “not only make our economy greener and more self-sufficient” but also “reduce the risk of spikes in energy prices”, Lagarde wrote in an ECB blogpost marking UN climate change conference COP27.
Following Russia’s invasion of Ukraine, sanctions on Russia and reductions in its energy exports have helped
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