An ambulance driver stops at a closed petrol station in London on October 5. Fuel prices in Britain have hit an eight-year high as the petrol crisis continues across the country. Photo: EPA-EFE An ambulance driver stops at a closed petrol station in London on October 5. Fuel prices in Britain have hit an eight-year high as the petrol crisis continues across the country. Photo: EPA-EFE
An ambulance driver stops at a closed petrol station in London on October 5. Fuel prices in Britain have hit an eight-year high as the petrol crisis continues across the country. Photo: EPA-EFE
David Brown
Opinion

Opinion

Macroscope by David Brown

Short-term energy price pain could be long-term climate change gain

  • The rise in oil and natural gas prices shouldn’t be a precursor to a supercharged inflation surge, and there is no reason for central banks to hit the panic button
  • Instead, the spike in prices could be a blessing in disguise if it hastens the switch to a zero-carbon world

An ambulance driver stops at a closed petrol station in London on October 5. Fuel prices in Britain have hit an eight-year high as the petrol crisis continues across the country. Photo: EPA-EFE An ambulance driver stops at a closed petrol station in London on October 5. Fuel prices in Britain have hit an eight-year high as the petrol crisis continues across the country. Photo: EPA-EFE
An ambulance driver stops at a closed petrol station in London on October 5. Fuel prices in Britain have hit an eight-year high as the petrol crisis continues across the country. Photo: EPA-EFE
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