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