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Climate and Inflation: When Weather Hits the Economy

Inflation is often described as a monetary phenomenon. Central banks adjust interest rates. Governments revise fiscal spending. Economists debate liquidity and supply chains. However,...
HomeResourcesEUROPE'S CLIMATE MISERY

EUROPE’S CLIMATE MISERY

In 2022, Europe was approximately 2.3 °C above the pre-industrial (1850-1900) average used as a baseline for the Paris Agreement on climate change. But, in a sign of hope for the future, renewable energy generated more electricity than polluting fossil fuels for the first time in 2022. Wind and solar power generated 22.3% of European Union (EU) electricity in 2022, overtaking fossil fuel (20%).

Europeclimatedevastation #climatechange #savetheplanet #reducefossilfuels #sustainablelifestyle