Interest Rate Hikes Against the Environment
Lukasz Krebel writes for Tribune
19 October 2022
Lukas Krebel wrote about how interest rate hikes could mean money is funnelled into fossil fuels rather than green energy for Tribune.
“To compound the problem, higher interest rates discourage investment in clean projects more than dirty ones. Running renewables doesn’t cost much: they rely on free wind and solar energy instead of expensive fossil fuels. But building them in the first place does come with high initial costs, meaning they are particularly impacted by the higher costs of credit.”
