Meaning of greenflation | Babel Free

Definitions

A rise in energy prices as a result of shifting from fossil fuels to sustainable energy sources.

uncountable

Examples

“But in the wake⟳ of so much publicity, are we now undergoing a wave⟳ of “greenflation,” where the term “green” is used to justify⟳ almost everything and anything, as long as it can make⟳ the claim⟳ of lowering carbon?”

“While decarbonizing our homes can lead⟳ to price stability and significant savings — my family, for example, cut⟳ our monthly utility bill by more than 75 percent in a recent renovation — we must also prepare⟳ for what Dr. Schnabel calls “greenflation,” the higher prices and labor crunches that come⟳ with the green transition.”

CEFR level