Megan Greene on the UK’s Recent Market Turmoil and What it Means for the Future of the Global Economy
Macro Musings with David Beckworth
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What Does This Mean for Climate Change?
In Europe, they are much more committed to this green transition. So in the same way that Joe Biden's had to try to encourage fossil fuel production, the Europeans have reopened coal plants. But I do think that it's less clear that this is really going to accelerate the green transition in the US. Our energy costs haven't risen nearly as quickly. We're not reliant on Russia at all,. Even though we are affected by the invasion of Ukraine because the oil market is a global one.
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