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The Inflation Reduction Act Is Accelerating The Energy Transition

Oil Price · Irina Slav · last updated

Commodity price inflation will help accelerate the shift from fossil fuels to alternative sources of energy, a senior Blackstone executive has told Bloomberg.

According to Rob Horn, the asset manager’s global head of sustainable resources, higher commodity prices are making renewables more competitive.

“Zero marginal cost renewables gets an edge over hydrocarbons in these commodity prices,” Horn said during a Bloomberg event.

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Related Knowledge Center: Climate legislation

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The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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