'Global economy not set up to navigate low-carbon transition'
The drive to move away from carbon-intensive technologies will lead to inflationary pressures, even as technological breakthroughs pile even further pressure on energy demand, the global chief investment strategist at BlackRock said.
Global efforts to move away from carbon intensive technologies and boost green energy usage are likely to lead to higher inflationary pressures in the medium term.
Meanwhile, technological breakthroughs in areas such as artificial intelligence (AI), are fuelling even higher demand for energy.
“The global economy is not set up to navigate the low-carbon transition. There will be friction and since supply is not readily available, it will bring in inflation when demand emerges,” W…
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