New words – 14 February 2022 greenflation noun [U] /ˌgriː | Cambridge Words🙇
New words – 14 February 2022
greenflation noun [U]
/ˌgriːn.ˈfleɪ.ʃᵊn/
an increase in prices resulting from the move to a green economy
Vaibhav Chaturvedi, a fellow at the Council on Energy, Environment and Water (CEEW), sees “greenflation”, or the costs associated with going green, as a concern, especially in the short-term. “Underlying commodity prices are rising everywhere in the world,” he said. Prices of metals such as tin, aluminium, copper, nickel-cobalt have risen by up to 91 per cent this year. These metals are used in technologies that are a part of the energy transition.
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